Binance's Q3 trading volumes and market share drop amid regulatory scrutiny and competition.
In September, Binance's trading volumes for spot and derivatives markets fell to their lowest levels since 2020, with derivatives down 21% to $1.25 trillion and spot trading down 22.9% to $344 billion. Its market share dropped to 36.6%, the lowest in four years, amid regulatory scrutiny and competition from other exchanges. Despite the decline, analysts expect increased trading activity in the coming months due to potential market catalysts.
October 03, 2024
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