Cryptocurrency giant Binance has experienced a steady decline in market dominance, especially in the last seven months. It is stated that regulatory issues and changes in trade promotions in the USA influenced this decline. Bloomberg reported on October 5 that Binance's spot market share fell from 38.5% in August to 34.3% in September 2023. Its presence in the derivatives market is also decreasing. According to the data, market share fell from 53.5% in August to 51.5% in September. Binance has begun to withdraw from some global markets. In September, Binance completely exited the Russian market.