The lower burn value is a "natural response" to last month's market trends, a spokesperson said.
Traders in China appear to be more concerned about the future of Huobi and OKEx.
The bull market of early 2021 drew in many newbies, but almost none of them stayed as things cooled down, EXMO exchange CEO said.
"This traditionally bullish signal should be interpreted with caution and in the context of other indicators," one analyst said.
GameStop caught the stock-buying public's imagination. That excitement has spilled over to crypto.
A bogus video on Chinese social media has intensified a long-standing feud involving Binance, Huobi and OKEx.