Binance appears to have lost market share amid changes to its trading-fee structure and a wider regulatory crackdown on the cryptocurrency universe by US officials.
The world’s largest digital trading platform now commands about 50% of spot market share, the lowest since April 2022, according to Dessislava Ianeva, senior research analyst at Kaiko. Its market share has fallen off after the platform, which has no fixed headquarters and offers services around the world, in March removed zero-fee trading on certain pairs.
