CCData reported that Binance's overall trading volumes in September reached their lowest levels since June, yet there are expectations for increased trading activity due to Fed rate cuts.
Binance's spot trading volume fell by nearly 23% from the previous month, reducing its market share to 27%, marking its lowest level since January 2021.
The report highlights that Crypto.com is gaining from Binance's decline, achieving over a 40% increase in trading volume, raising its market share to 10.5%.
Analysts predict that trading activity on centralized exchanges will rise in the upcoming months due to potential market catalysts, including the Federal Reserve's interest rate cuts and the U.S. elections.
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