Crypto trading sinks to 2019 levels as Binance sees market dip and Huobi volumes surge

Spot and derivatives trading activities on centralized cryptocurrency exchanges declined for the second consecutive month by 11.5% to $2.09 trillion, setting a new low for the current year, according to CCData.

The crypto data aggregator reported that spot trading activities fell 7.78% to $475 billion in August, the lowest volume recorded since March 2019. CCData stated that daily volumes on centralized exchanges also hit a low of $5.90 billion on August 26, the weakest since Feb. 7, 2019.