Binance's Bitcoin (BTC) daily trading volume has dropped to its lowest levels since July 4, 2022, due to the end of the exchange's zero-fee trading for most trading pairs except TrueUSD (TUSD), according to data from Kaiko. The decline in volume coincided with the end of free trading, which helped the exchange increase its market share to 72% from 50.5%. Meanwhile, Binance's BTC-TUSD market share increased to approximately 10% while BTC-USDT volume on the exchange declined to 68% from 81%. Since Binance phased out zero-fee trading, TUSD's liquidity has risen by more than 250%, while liquidity for stablecoins like Tether's USDT and Binance USD (BUSD) has declined more than 60%, respectively.
(By Oluwapelumi Adejumo)
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