The total CEX Volume has been significantly declining every month starting from August after reaching an ATH for 2019 in July.
There are 2 reasons for this:
▪️Market Sentiment. After “HOT” summer we have experienced “RAINY” autumn with a significant price drop of BTC and almost all altcoins. Significant price drops usually negatively affect volume on the exchanges.
▪️ We used the data from cryptorank.io to prepare this infographic. In October Cryptorank introduced its anti-wash trading filter which resulted in a drastic fall of the volumes of almost all the exchanges. Cryptorank team manually analyzes the volumes of the exchanges and exclude the trading pairs with inflated or fake volume.