CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits
Monthly trading volumes on centralized exchanges continued to fall in May as regulators tighten their grip on the industry. Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from United States regulators and lawmakers. According to a June 7 report from crypto analytics firm CCData, combined spot and derivatives trading volume in May fell 15.7% from the previous month, marking the second consecutive month of dwindling crypto trading activity. As the data is only current to the end of May, it does not take into account any potential impact from the recent SEC lawsuits against Coinbase or Binance. Total monthly spot trading volume on centralized exchanges since May 2022. Source: CCData CCData shows that of all the major firms to suffer a decline in trading volumes, Binance was hit the hardest. In May, Binance gave up even more of its total market share, falling to just 43% overall, down from its peak o...