TechFlow news, according to The Block, data from cryptocurrency research firm K33 Research shows that Binance was the main driver behind a 48% drop in trading volume in September, with the platform's 7-day average spot Bitcoin trading volume declining 57% since the beginning of the month. Meanwhile, Coinbase saw an increase of 9% in Bitcoin spot trading volume this month.
K33 senior analyst Vetle Lunde and vice president Anders Helseth said that over the past seven days, Bitcoin spot trading volume fell another 8% from last week's 35-month low, driven by reduced trading activity on Binance, while volumes at other spot exchanges remained relatively stable.
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