Binance, the world’s leading cryptocurrency exchange’s spot market share has fallen for the seventh consecutive month and the crypto firm has reportedly lost more of its spot market share in the previous month.
Binance Sees Spot Market Share Decline
Reports have shown that the trading platform has experienced a decline in its spot market share for the seventh time in a row. The Binance exchange spot market share fell from 38.5% in August 2023, to 34.3% in September 2023 according to data from CCData.
CCData noted that the spot trading volume that the trading platform lost went to other cryptocurrency exchanges. These include HTX (formerly Huobi), OKX, Bybit, Bitget, and DigiFinex.
The trading platform’s trading volumes also experienced a 57% decline in its 7-day trading volume for Bitcoin (BTC) since early September. In derivatives, the platform’s market share fell from 53.5% to 51.5% in August.
Around 12,230 BTC, or $330 million, as well as about 198,200 Ethereum (ETH), or $32
We współpracy z: https://bitcoinist.com/binance-spot-market-34/
