{"id":152690,"date":"2023-09-19T07:41:43","date_gmt":"2023-09-19T07:41:43","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=152690"},"modified":"2023-09-19T11:26:37","modified_gmt":"2023-09-19T11:26:37","slug":"binance-us-trade-volume-plummets-98","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/binance-us-trade-volume-plummets-98\/","title":{"rendered":"Binance US Trade Volume Plummets 98% Amid Sec Dispute"},"content":{"rendered":"
Binance US, the American arm of the global cryptocurrency exchange<\/a> Binance, is grappling with a substantial drop in trading activity as its legal disputes with US regulatory authorities escalate. According to recent data<\/a> from independent research firm CCData, the monthly trading volume on Binance US has plummeted by a staggering 98% from January to August 2022,<\/strong> with further declines expected in September.<\/p>\n In the first half of September, the exchange recorded a mere $115.7 million in trading volume, a sharp contrast to the $286 million in August. A prominent cryptocurrency market data provider, Kaiko, also makes a similar point on X (Twitter), noting that Binance US’s weekly trade volume has decreased from a yearly high of nearly $5 billion to just $40 million.<\/strong><\/p>\n Binance US's weekly trade volume has fallen from a yearly high of nearly $5bn to just $40mn. pic.twitter.com\/1imacBf9cA<\/a><\/p>\n — Kaiko (@KaikoData) September 18, 2023<\/a><\/p><\/blockquote>\nBinance US Experiences a Sharp Decline in Trading Volume<\/h2>\n
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