Data: The number of spot trading pairs supported by major crypto exchanges is on a downward trend

PANews · 2023-07-09T02:53:00.000Z

PANews reported on July 9 that The Block data showed that the number of spot pairs on major cryptocurrency exchanges has declined this year. Monthly spot trading pairs on Binance, the largest exchange, fell from 1,420 pairs in January to 1,380 pairs in July. The number of monthly spot pairs on Binance US dropped from 337 pairs in June to 184 pairs in July. Spot trading pairs supported by Coinbase dropped from 557 pairs in March to 524 pairs in July. Kraken’s spot trading pairs also dropped from 668 pairs in February to 651 pairs in July. After the U.S. Securities and Exchange Commission (SEC) sued Coinbase and Binance in early June, the exchanges stopped supporting multiple trading pairs.

PANews reported on July 9 that data from The Block showed that the number of spot pairs on major cryptocurrency exchanges has declined this year. The monthly spot trading pairs of Binance, the largest exchange, fell from 1,420 pairs in January to 1,380 pairs in July. The number of monthly spot pairs of Binance US fell from 337 pairs in June to 184 pairs in July. The spot trading pairs supported by Coinbase fell from 557 pairs in March to 524 pairs in July. And Kraken's spot trading pairs also fell from 668 pairs in February to 651 pairs in July. After the U.S. Securities and Exchange Commission (SEC) sued Coinbase and Binance in early June, the exchange stopped supporting multiple trading pairs.