In October 2023, EUR-denominated weekly spot volume on Binance, a top cryptocurrency exchange, fell to $160 million, an 88% drop from $1.3 billion recorded seven months earlier in March 2023. At this level, EUR trading volume on the besieged exchange is at a three-year low, pointing to how consequential the decision by regulators to crack down on the platform has been this year.
Blame Paysafe For Plunging EUR Volume?
According to Kaiko, on October 18, the contraction was worsened by…
