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Binance’s Trading Activity Declines to 4-Year Low as It Faces 20% Drop in Trading Volume

  • Binance, the leading crypto exchange, has experienced a 20% drop in trading volume in September compared to the previous month.
  • Binance's derivatives trading volume decreased by 21% to $1.25 trillion, the lowest level since October 2023.
  • Crypto.com, a competing platform, saw a 40% surge in trading volumes during the same period.
  • The decline in Binance's trading activity is attributed to increased competition and growing regulatory pressures.

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