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As the heat of regulatory pressure grows in the United States, centralized exchanges have experienced a sharp decline in trading volumes. This development has been analyzed by CCData, a leading crypto analytics firm revealing that May's spot and derivatives combined trading volume fell 15.7 percent from April levels, marking its lowest level in four years. This downward spiral is not new to most traders as they have long anticipated it. The stakes were raised further when Binance took an additional hit on its total market share; it sunk to only 43 percent overall after peaking at an impressive 57 percent back in February. While reports point out that this was majorly due to Binance removing zero-fee transactions for USDT pairs, one cannot close eyes to the fact that increased scrutiny from U.S. regulators may have played a role. SOURCE - https://cryptobusinessworld.com/ArticleDetail/20161/crypto-business-world-trading-volumes-on-cex-plunging-to-4-year-lows-even-prior-to-binance-and-coinbases-lawsuit