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Binance’s Crypto Market Share Likely Fell After Zero-Fee Trading Halt

  • Bitcoin liquidity on Binance has also declined recently
  • Fees are one of few barriers for trading churn, says Acheson
U.K. Raps Binance Markets Ltd. as Regulatory Scrutiny of Crypto Escalates
Photographer: Jason Alden/Bloomberg
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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.