Before the August, spot trading volume on Binance typically ranged between $6B and $13B. However, since mid-August, it has reached as high as $19.4B, maintaining an average of around $10B.

Following a primary rally in the crypto market, Binance’s spot trading volume has remained at these higher levels.

Although a short-term bearish trend is currently underway, trading volume on Binance remains robust, indicating that there is no shortage of liquidity.

In contrast, trading volumes on Coinbase and OKX, which had surged during the recent rally, have since declined. Activity on these exchanges heated up during the upward move but has cooled off as the market shifted into a consolidation phase and decline.

In short, trading volume on Binance remains strong, while activity on Coinbase and OKX has cooled down.

Written by CW8900