Binance’s Market Share in Cryptocurrency Trading Falls to Lowest Point in Four Years, According to CCData.

The report highlighted a reduction in cryptocurrency trading on exchanges over the past month, as volumes in both derivatives and spot trades declined by 17%. According to analysts at CCData, September typically signifies the conclusion of the slower mid-year trading period and the onset of a more active final quarter. The authors also anticipated a surge in trading on centralized exchanges in the near future, fueled by events like the Federal Reserve’s recent interest rate reduction and the impending U.S. election.