Binance trading volumes surge 65% in August despite regulatory pressure

binance trading volumes surge 65 in august despite regulatory pressure

Sumary of Binance trading volumes surge 65% in August despite regulatory pressure:

  • NEW DELHI : Binance Holdings Ltd, the world’s largest cryptocurrency exchange operator, saw 65% rise in trading volumes on its platform on a monthly basis, according to a report by digital asset data provider CryptoCompare.
  • CryptoCompare ranks exchanges ‘top-tier” or ‘lower-tier’ based on factors that include, geography, legal/regulatory assessment, investment and market quality, among others.
  • As per CryptoCompare, top-tier exchanges now represent 91.7% of the total spot volume, while Binance traded the largest spot monthly volume in August, rising 65.2% month-on-month to $751 billion.

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