Binance's spot trading volume in April decreased by 48% month-on-month, reaching 287 billion USD

ChainCatcher news, according to CCData, Binance's spot trading volume in April decreased by 48% month-on-month, reaching $287 billion, the second lowest level since 2021.

It is reported that the overall spot trading volume on centralized exchanges in April dropped by 40%, reaching the lowest level since December of last year. CCData stated that uncertainties surrounding the macroeconomic situation, such as the imminent threat of recession and the collapse of several U.S. banks, are among the reasons for the decline in trading volume. (Source link)