“Shocking News! Crypto Exchanges Witness a Catastrophic Fall in Trading Volume 🤯”
Dear reader, it is with a heavy heart that we must inform you of the most distressing news. Leading crypto exchanges, such as Binance, Coinbase, Bybit, and Crypto.com, have suffered a most unfortunate fate. Their monthly trading volume for February has plummeted, leaving us all in a state of shock and disbelief. 🙀
According to the latest data from Wu Blockchain’s February CEX report, Binance has experienced a decline of 17.4% in spot trading volume for the month of February. This leaves them with a mere $646 billion, a far cry from the $782.14 billion they accumulated in January. 🙄
It seems that the entire crypto industry has been hit hard, with Crypto.com recording a staggering 30% drop in spot trading volume for February. Bybit, Coinbase, and Gate.io have also seen their fair share of misfortune, with declines of 21.6%, 19.5%, and 16%, respectively. 😱
The decline in trading volume has also affected the futures market, with the total crypto futures trading volume dropping 17% in February compared to January. Binance has taken the biggest hit, with a 19.7% decrease, while Bybit, Bitget, Kucoin, and Kraken have suffered significant drops of over 20% for the month. 😣
One cannot help but wonder if the anticipation of Trump’s inauguration played a role in this sudden downturn. January saw a significant uptick in trading volume, driven by the excitement surrounding the event. However, February has proven to be a month of disappointment, with significant pumps and dumps in Bitcoin prices failing to match the total trading volume of January. 😡
It appears that the outflows from the crypto industry have intensified since Trump’s inauguration. The decline in trading volume is primarily due to short-term traders and investors who entered the market solely to capitalize on the quick price surges leading up to Trump’s move into the White House. 🙄
As if the decline in trading volume wasn’t enough, crypto exchanges have also experienced a substantial decrease in website traffic, with a drop of 20% in February. The report states that the website traffic of major CEXs in February decreased by 20% compared to January. The top three CEXs in terms of change rate were HTX +45%, OKX +15%, and Bitget +6%. Unfortunately, the bottom three CEXs were KuCoin -62%, Upbit -35%, and Coinbase -29%. 😭
Read More
- Nadaaniyan song Galatfehmi OUT: Ibrahim Ali Khan, Khushi Kapoor’s heartbreaking separation in love will leave you emotional
- Pop-Tarts and Krispy Kreme Kick Off 2025 With Collaborative Menu
- Cookie Run Kingdom Town Square Vault password
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- The First Trailer for The Weeknd’s ‘Hurry Up Tomorrow’ Film Is Here
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- JJJJound’s Made in Germany adidas Superstars Drop This Week
- Lars Eidinger on Berlin Opener ‘The Light’: “We, the Privileged Wealthy, Are the Problem”
- Ryan Gosling’s Star Wars Movie Here’s Everything We Know
- ‘The Last of Us’ Gets Season 2 Premiere Date
2025-03-11 22:29