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“Some market making has probably leaked to other exchanges, but it's still almost certain that Binance's woes negatively impact market volumes,” he added.Binancecurbedon Sep.
7 its zero-fee promotion for BTC trading with TrueUSD (TUSD) stablecoin, one of the most liquid trading pairs on the platform, which may have contributed to the decline.Binance.USalso suffered from an exodus in trading activity.Datafrom crypto analytics firm Kaiko shows that the weekly overall trading volume on that platform dropped to $40 million from what was nearly $5 billion earlier this year, a roughly 99% decrease.Krisztian Sandor recently graduated from NYU's business and economic reporter program as a Fulbright fellow and worked with Reuters and Forbes previously.
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