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Binance Sees Big Drop in Bitcoin Trading Volume Amid SEC Scrutiny

Binance has seen a massive drop in Bitcoin trading volume this month according to new data from K33 Research. A new report revealed that the platform's 7-day average spot trading volume for Bitcoin has plummeted by 57% since the beginning of September. The drop stands out when compared to the relatively stable trading volumes seen on other crypto exchanges, highlighting the difficulties Binance is currently facing. The dip in Bitcoin trading volume is closely tied to mounting regulatory pressures on Binance. The Securities and Exchange Commission (SEC) has been actively investigating Binance in recent months.

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