HomeUncategorizedCEX trading volumes fell to 4-year lows even before Binance, Coinbase suits By Cointelegraph

CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits By Cointelegraph

June 8, 2023

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Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from United States regulators and lawmakers.

According to a June 7 report from crypto analytics firm CCData, combined spot and derivatives trading volume in May fell 15.7% from the previous month, marking the second consecutive month of dwindling crypto trading activity.

Total monthly spot trading volume on centralized exchanges since May 2022. Source: CCData
Top centralized exchange market share change March thru May. Source: CCData.