Daily crypto trading volume on Binance sunk to $9.39 billion on Dec. 23, its lowest since October 2020, according to data from Nomics.
Compared to Nov. 8, when daily trading volume on Binance crossed $172 billion, the latest data suggests a drop of over 94.5% in the past 24 hours. With the upcoming holiday season and the rearing bear market, trading volumes on most centralized exchanges have been impacted.
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