Coinbase may be a beneficiary, with volumes at that exchange higher by 9% this month.
Bitcoin trading volumes on Binance have tumbled this month as lawsuits and regulatory scrutiny mount on the world’s largest crypto exchange.
According to K33 Research, Binance’s 7-day average spot BTC volume is down 57% since the beginning of September versus roughly flat readings at a number of other exchanges. Volumes at U.S.-based competitor Coinbase are higher by 9% over this period. The dramatic decline comes as Binance is in the crosshairs of regulators around the world following a string of
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