Bitcoin’s price has risen from $10,134 on September 3 to over $19,000 in the past few hours, much to the delight of many cryptocurrency exchanges.

The trading platforms are happy and celebrate the rise of Bitcoin due to the trading fees they generate, which are usually associated with increased trading activity after the increase and rise of Bitcoin.

Binance is one of the trading platforms that have seen a significant increase in trading volume, with trading volume up 133% in the last month and more than 400% over the previous year, according to data provided by Binance. Nomex.

Trading volume on Coinbase Pro also increased by more than 200% for the month and 92% for the year.

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Kraken also had a surge in trading volume with volume jumping 163% and 54% in the month and year, respectively.

But not all trading platforms have benefited from the recent rise of Bitcoin.

Cryptocurrency exchanges that missed the bitcoin soaring train:

Cryptocurrency exchange KuCoin generated $3.97 billion in trading volume last month, according to Nomics.

While that’s a good 78% from last month, the Singaporean trading platform still recorded lower volumes than in parts of July to September.

Their volumes are down 21% from the previous year.

The reason for the decline in trading volumes on the “KuCoin” platform is due to the hacking process that the platform was exposed to.

KuCoin hacked, $150 million in cryptocurrency withdrawn

The KuCoin platform was hacked on September 25, bringing the value of the loot to $281 million.

Although the platform had recovered more than 80% of the cryptocurrency by November 11th, the timing of the hack was so bad that coinciding with the high price of Bitcoin and high trading volumes, the confidence of traders in the platform was shaken and many of them left the platform.

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The effect of the breach is evident in the trading volume of KuCoin, which remained stuck at the same value achieved in the first quarter of the current year.

Bitcoin reserves in Kucoin wallets also fell from 1,059 on September 24 to less than 50 the next day, according to data from CryptoQuant.

This number slowly rose to 403 BTC.

KuCoin wasn’t the only platform that had tough times.

Read:The number of Ethereum deposited in Ethereum 2.0 stakes hits a new record

There was also the trading platform OKEx, which suspended withdrawals from October 16 to November 26 due to the police’s detention of its founder.

After withdrawals resume: massive amounts of bitcoin flow out of OKEx

But all OKEx really did was prevent people from cashing out during the rush of the race, while users could still trade.

Therefore, the OKEx platform was not affected as much as Kucoin.

Sure, volume isn’t everything for cryptocurrency exchanges, but KuCoin certainly hopes for more of it in 2021.

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