Coin

<ul>
 <li>The monthly trade volume of Russian Rubles (RUB) on Binance has dropped 83% in 2 years. </li>
 <li>The monthly RUB trade volume went from $507 million in 2021 to $85 million in 2023. </li>
 <li>Meanwhile, the trade volume of Ukrainian Hryvnia (UAH) has declined even more than RUB.</li>
</ul>
The monthly trading volume of Russian Rubles (RUB) on the <a href="https://coinedition.com/binance-exchange-review/" rel="noopener noreferrer nofollow">Binance Exchange</a> has reportedly declined more than 83% in the past two years. Meanwhile, the trade volume of Ukrainian Hryvnia (UAH) on the world’s largest crypto exchange has sunk even more than the RUB’s volume. It is likely that the ongoing conflict between Russia and Ukraine is the cause of this decline.&nbsp;
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" style="height: 1em; max-height: 1em;"> In 2023, RUB monthly trade volume on Binance averaged just $85mn, down from $507mn in 2021. UAH (Ukranian Hryvnia) trade volume declined even more over the same period. <a href="https://t.co/13ScD2ricd" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/13ScD2ricd</a>— Kaiko (@KaikoData) <a href="https://twitter.com/KaikoData/status/1699346703466536968?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 6, 2023</a>
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Crypto research firm Kaiko took to X (formerly Twitter) earlier today to report the sinking trading volumes of RUB and UAH on Binance. According to trading data gathered by Kaiko, RUB’s monthly trading volume went from $507 million in 2021 to a modest $85 million this year, marking a decline of 83.2%…
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/russian-rubles-monthly-volume-on-binance-drops-83-in-two-years/">Russian Ruble’s Monthly Volume On Binance Drops 83% In Two Years</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Russian Ruble’s Monthly Volume On Binance Drops 83% In Two Years

Coin Edition

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