📉 **Crypto Market Slump: Trading Volumes Dive on CEXs!** 📉
- Bitcoin (BTC) prices dropped 5% in the last 30 days, dragging the total crypto market cap down by hundreds of billions.
- Centralized exchanges (CEXs) like Binance, Coinbase, and KuCoin saw significant drops in trading volumes, with Binance down 22% and Coinbase losing its second-place global ranking.
- Bybit overtook Coinbase with a minor 1.6% drop in spot trading.
- MEXC and HTX bucked the trend, with spot activity up by 13% and 7%, respectively.
- Derivatives trading also fell by 19% MoM, continuing a four-month decline.
💬 What do you think is driving this trend? Share your thoughts in the comments!