Bitcoin

Binance’s Bitcoin Trading Volume Drops Since September 1. Crypto Market Direction Driven by Events, Not External Factors, Says K33.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/26c4fe4ad0464b169541fc50e4b3a6ff.gif" />Ad. Get UPTO $50 USDT Reward From CryptosHeadlines. <a href="https://twitter.com/CryptosHeadline/status/1702044419799793845" rel="noopener noreferrer nofollow">Visit Official Tweet</a>Binance, a popular cryptocurrency exchange, played a major role in causing a significant drop in trading volume across the crypto market in September. Research from K33 reveals that Binance’s average <a href="https://cryptosheadlines.com/bitcoin-and-ether-continue-downward-slide-for-fourth-day-altcoin-trading-volume-surges/" rel="noopener noreferrer nofollow">Bitcoin trading volume over seven days</a> fell by a whopping 57% since the start of the month. This decline in <a href="https://cryptosheadlines.com/unusual-trading-volumes-observed-for-4-altcoins-on-south-korean-cryptocurrency-exchanges/" rel="noopener noreferrer nofollow">trading activity on Binance contributed significantly to the overall 48% drop in trading volume observed in the cryptocurrency</a> industry.<a href="https://cryptosheadlines.com/bitcoin-trading-at-700-premium-on-binance-us-crypto-exchange/" rel="noopener noreferrer nofollow">Bitcoin trading</a> activity, often referred to as spot volumes, has declined even further over the past week, dropping by an additional 8%. This drop is attributed to the reduced activity on Binance, a major <a href="https://cryptosheadlines.com/gemini-a-cryptocurrency-exchange-is-set-to-introduce-a-derivatives-platform-in-international-markets-outside-of-the-united-states/" rel="noopener noreferrer nofollow">cryptocurrency exchange</a>. In contrast, other <a href="https://cryptosheadlines.com/former-ceo-issues-urgent-warning-stop-trading-on-this-cryptocurrency-exchange/" rel="noopener noreferrer nofollow">cryptocurrency exchanges have seen relatively stable trading</a> volumes during this time. This information was shared in a report by K33, with insights provided by their Senior Analyst Vetle Lunde and Vice President Anders Helseth. <a href="https://cryptosheadlines.com/binance-leads-bitcoin-spot-volume-decline-in-september/" rel="noopener noreferrer nofollow">Read More...</a>

Binance Leads Bitcoin Spot Volume Decline in September

CryptosHeadlines.com

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