Binance spot trading volume remains elevated, while Coinbase trading activity cools down.

BlockBeats news, October 17 - Crypto market analyst CW posted that before mid-August, Binance's spot trading volume typically fluctuated between $6 billion and $13 billion; thereafter, the volume once rose to $19.4 billion, and recently the daily average has remained at about $10 billion. After the previous round of crypto market gains, Binance's spot trading volume has overall remained at a relatively high level.

Although the current short-term market trend is bearish, Binance's trading volume remains strong, indicating that market liquidity is still relatively ample. In contrast, Coinbase's trading volume had clearly risen during the recent market rally, but as the market entered a phase of consolidation and pullback, trading activity has gradually cooled.