Binance market share hit lowest level since 2020 as general exchange trading volume declined

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Binance Nyheter

Cryptocurrencies

CCData's report on Thursday revealed that Binance's market share for spot and derivatives trading volumes declined in the last month of Q3, dropping to lows not seen since 2020.

Binance combined trading volumes for spot and derivatives markets declined in September, marking its lowest levelsince 2020. General trading volumes among centralized exchanges fell in September as Q3 ended. Open interest on retail derivatives exchanges increased by 32.1% in September following Fed rate cut. CCData's report on Thursday revealed that Binance's market share for spot and derivatives trading volumes declined in the last month of Q3, dropping to lows not seen since 2020.

6%, the lowest since September 2020, although it remains the leader in global spot trading volume among centralized exchanges. Spot trading volumes on centralized exchanges decreased by 17.2% to $1.27 trillion, the lowest level since June. Likewise, derivatives trading volumes on these exchanges dropped by 16.9% to $3.07 trillion, also reaching their lowest point since June. Additionally, open interest in retail derivatives exchanges surged by 32.1% to $53.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 14. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Binance's Crypto Market Share Sinks to 4-Year LowKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Källa: CoinDesk - 🏆 291. / 63 Läs mer »