Published on August 3rd, 2018 | by bitcoin0
New user ban loses Bithumb 40% of its Trading Volume
Trading volume at one of the world’s largest cryptocurrency exchanges has plummeted by 40 percent in three days after it temporarily stopped opening new user accounts.
Twenty-four-hour trading volume on Bithumb was around $350 million on Tuesday, according to archived CoinMarketCap data.
Yet, over the past three days, volume has declined to around $200 million (as of press time on Friday), reflecting an over 40-percent drop.
The exchange has not responded to CoinDesk’s request for comment on the trading volume drop and the banking issue.
On July 26, an executive at the Financial Services Commission called on politicians to pass a bill regulating cryptocurrency exchanges “as soon as possible.”