Cryptocurrency

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According to a recent analysis, the cryptocurrency market has experienced a significant decline in trading activity, with both spot and derivative trading volume experiencing a significant year-on-year decline, reaching its lowest levels since October 2020.
Statistics based on data from major stock exchanges reveal a decline in market activity.
Spot trading volume on major cryptocurrency exchanges fell by a significant 19.3% year-on-year in September. This marks the lowest point in nearly three years, with the last comparable figures recorded in October 2020.
The stock markets leading the decline are:
<ul>
 <li>KuCoin: -32%</li>
 <li>Binance: -30%</li>
 <li>Huobi: -25%</li>
</ul>
Binance, one of the largest cryptocurrency exchanges, experienced a staggering 29.7% drop in spot trading volume in September, with trading activity falling from $189,759,502,080 to $133,376,698,042.
Derivatives trading volume on major exchanges also took a significant hit, falling 19.6% year-on-year in September. This situation supports the downward trend seen in spot trading.
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Here is a comparison of the trading volumes of major cryptocurrency exchanges in August and September:
<ul>
 <li>Binance: August – 189,759,502,080 / September – 133,376,698,042 (Change: -29.7%)</li>
 <li>Upbit: August – 29,879,080,818 / September – 34,521,138,525 (Change: 15.5%)</li>
 <li>Huobi: August – 31,291,775,207 / September – 23,401,029,043 (Change: -25.2%)</li>
 <li>BitMart: August – 24,605,746,503 / September – 21,477,888,348 (Change: -12.7%)</li>
 <li>Coinbase: August – 26,291,026,945 / September – 20,960,025,341 (Change: -20.3%)</li>
 <li>Bybit: August – 22,789,539,908 / September – 20,404,828,109 (Change: -10.5%)</li>
 <li>OKX: August – 23,164,488,732 / September – 18,220,733,337 (Change: -21.3%)</li>
 <li>Mexc: August – 14,676,861,988 / September – 15,321,287,674 (Change: 4.4%)</li>
 <li>Gate: August – 14,797,092,354 / September – 14,228,780,558 (Change: -3.8%)</li>
 <li>Bitget: August – 12,504,107,859 / September – 11,820,437,235 (Change: -5.5%)</li>
 <li>KuCoin: August – 9,930,587,232 / September – 6,748,287,969 (Change: -32.0%)</li>
 <li>Crypto.com: August – 3,757,258,208 / September – 4,917,180,225 (Change: 30.9%)</li>
 <li>Bitfinex: August – 2,854,429,413 / September – 2,588,594,732 (Change: -9.3%)</li>
</ul>
*This is not investment advice.
 Continue Reading: <a rel="noopener noreferrer nofollow" href="https://en.bitcoinsistemi.com/cryptocurrency-exchange-volume-report-released-heres-how-binance-coinbase-bybit-and-10-other-exchanges-performed/">Cryptocurrency Exchange Volume Report Released: Here’s How Binance, Coinbase, Bybit and 10 Other Exchanges Performed</a>

Cryptocurrency Exchange Volume Report Released: Here’s How Binance, Coinbase, Bybit and 10 Other Exchanges Performed

Bitcoin Sistemi EN

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