The number of spot trading pairs across major cryptocurrency exchanges has declined over the course of the year, according to data compiled by The Block Research.
Monthly spot pairs on Binance, the largest exchange by global volume, declined from 1,420 in January to 1,380 in July, while its sister company, BinanceUS, saw monthly spot pairs decline from 337 in June to 184 in July.
Exchanges have ended support for trading pairs in the wake of the U.S. Securities and Exchange Commission's suits against Coinbase and Binance earlier in June, alleging that the exchanges traded unregistered securities. Monthly spot trading pairs supported by Coinbase declined from 557 in March to 524 in July, and the number of spot pairs has also declined at Kraken, from a high of 668 in February to 651 in July.
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