📉 Binance's market share woes continue! 😱 The exchange's s

--・559 views

📉 Binance's market share woes continue! 😱 The exchange's spot market share dropped for the 7th month in a row, from 38.5% in August to 34.3% in September, according to CCData. But wait, there's more! Binance's derivatives market share also tumbled from 53.5% to 51.5% in the same period. 📉 Why the decline? 🤔 Regulatory challenges in the U.S. and the end of zero-fee trading promotions are to blame, says CCData analyst Jacob Joseph. Binance's exit from key markets like Russia also plays a part. 🇷🇺 Who's benefiting? Rival exchanges like HTX, Bybit, DigiFinex, OKX, and Bitget are scooping up the lost market share. 🚀 What do you think? Is Binance's reign coming to an end? Share your thoughts in the comments! 💬

📉 Binance's market share woes continue! 😱 The exchange's spot market share dropped for the 7th month in a row, from 38.5% in August to 34.3% in September, according to CCData. But wait, there's more! Binance's derivatives market share also tumbled from 53.5% to 51.5% in the same period. 📉
Why the decline? 🤔 Regulatory challenges in the U.S. and the end of zero-fee trading promotions are to blame, says CCData analyst Jacob Joseph. Binance's exit from key markets like Russia also plays a part. 🇷🇺
Who's benefiting? Rival exchanges like HTX, Bybit, DigiFinex, OKX, and Bitget are scooping up the lost market share. 🚀
What do you think? Is Binance's reign coming to an end? Share your thoughts in the comments! 💬

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.