"In a cryptosphere rocked by fluctuating volumes and regulatory challenges, one exchange has managed to weather the storm better than others. While Binance's volume dramatically dropped this year due to significant internal and regulatory issues, Coinbase emerged relatively unscathed, even maintaining a stable monthly trading volume since May. But what strategic positioning has allowed Coinbase to hold its ground amidst the chaos, and what's the potential impact on the broader crypto market? The answers lie within..."
Centralized exchanges grapple with declining trading volume Centralized exchanges grapple with declining trading volume
A decline in exchange trading volume shows Binance's challenges and Coinbase's stability amidst regulatory pressures and market changes.
2 min read
Updated: Sep. 15, 2023 at 2:19 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.