Binance Market Dominance Plunges: A Deep Dive Into The 36% Share Drop

According to a recent report by Bloomberg, Binance, the world’s largest cryptocurrency exchange by trading volume, is facing significant challenges as its market share continues to decline.   In September, Binance’s share of trading volume in the roughly $2 trillion digital asset market fell to 36.

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Binance Keeps Losing Market Share

Cryptocurrency giant Binance still accounts for more than half of global crypto trading volumes, but its share keeps declining

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Binance market share shrinks in 2023

Binance's spot trading share fell to 40% up till October 2023, down from 62% a year ago. Binance's derivatives market share hovered around the 50% level for much of 2023.  Despite growing sThe post Binance market share shrinks in 2023 appeared first on AMBCrypto.

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Research reveals Binance’s shrinking market share in CEXs

According to recent data released by 0xScope, Binance, the world's largest cryptocurrency exchange, is facing a decreasing market share, where it currently sits at 51.2%. 

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Binance’s market share continues to fall. What’s happening

Trading volumes on the largest cryptocurrency exchange, Binance, fell from 74% in December 2022 to 50% in October 2023.

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FDUSD Carving More CEX Market Share, Flips USDC And DAI: What’s Going On?

Data from Kaiko, a crypto analytics platform, now shows that a fairly new stablecoin, FDUSD, is proving tough competition for USDT, USDC, and others, looking at its rising dominance in centralized exchanges, mostly Binance.

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FTX trial: FTX used billions in customer funds for Binance stake buyback

FTX is accused of using customer deposits to repurchase Binance stake. An accounting professor hired by the US Department of Justice reveals over a billion dollars came from customer funds for the share buyback.

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This is the extent of Binance’s regulatory woes

Binance bowed to pressure from regulators, and on-chain activity took a hit. BUSD and BSC showed that Binance's market share had been dwindling extensively. You might be aware that Binance [The post This is the extent of Binance’s regulatory woes appeared first on AMBCrypto.

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SBF trial underway, Mashinsky trial set, Binance’s market share shrinks: Hodler’s Digest, Oct. 1-7

Sam Bankman-Fried trial is underway, Alex Mashinsky trial data is set, and Binance’s market share shrinks.

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Binance Sees Spot Market Share Fall To 34%, What’s Going On?

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.

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Binance spot market share drops for 7th consecutive month: Report

Binance’s lost spot trading volume has reportedly been distributed among exchanges like HTX (formerly Huobi), Bybit and DigiFinex.

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Binance Losing Market Dominance at Rapid Pace

Binance, once the uncontested titan in the cryptocurrency exchange arena, has seen its spot market share diminish for seven consecutive months

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Binance’s market share in non-dollar exchanges drops by 25%

Binance's market share in non-dollar crypto exchanges has declined by nearly 25% since the beginning of 2023

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Binance US reduces staff by a third, CEO leaves

Binance US has been facing regulatory pressure from the SEC. Binance’s US cryptocurrency market share dropped from more than 22% in April to approximately 0. 9% by June 26. Norman Reed, the Chief Legal Officer of Binance US, has assumed the role vacated by Brian Shroder.

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Few crypto exchanges dominate the market: Why this is concerning

Binance's share of spot trading volume jumped from 38.3% in 2021 to 64.3% in 2023. Due to the SEC lawsuit, Binance's market depth fell from 42% in 2021 to 30.7% in 2023. For an ecosystem whiThe post Few crypto exchanges dominate the market: Why this is concerning appeared first on AMBCrypto.

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Crypto market extends losing streak in August: Report

Binance's market share plunged for the sixth month in a row. Huobi Global emerged as the second-largest exchange by spot trading volume in August. After a two-month hibernation period, the cThe post Crypto market extends losing streak in August: Report appeared first on AMBCrypto.

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Reasons behind the sharp decline in Bitcoin volumes in 2023

Sharp fall in the DXY index impacted stablecoin share of Bitcoin volumes in 2023. Binance was guilty of being a major contributor to the decline. Bitcoin [BTC] in 2023 hasn't been what it usThe post Reasons behind the sharp decline in Bitcoin volumes in 2023 appeared first on AMBCrypto.

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Binance To Delist Eight BUSD Trading Pairs Soon, End Full BUSD Support By 2024

The world’s largest exchange, Binance, has announced plans to delist eight Binance USD (BUSD) trading pairs as the company looks to withdraw full support of the stablecoin by 2024. This follows increased regulatory pressure on the stablecoin in 2023, which has led to a drastic decline in its market share so far.

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Binance stares at a bleak future in the U.S.

Binance.US' market share plunged from 20% in mid-April to less than 1% as of August. On the other hand, Coinbase increased its market dominance in the last few months. The crypto exchange maThe post Binance stares at a bleak future in the U.S. appeared first on AMBCrypto.

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Europe’s new spot Bitcoin ETF boosts market share: BDSwiss

Indeed, the SEC is making life tough for crypto businesses like Ripple, Binance and Coinbase in the U.S. But market sentiments are unlikely to diminish.

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BUSD Facing Competition: Binance’s Stablecoin Loses Market Share

BUSD has lost market share to the growing dominance of USDT, and is increasingly sidelined by Binance in favor of alternatives. The post BUSD Facing Competition: Binance’s Stablecoin Loses Market Share appeared first on BeInCrypto.

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Binance market share erodes, but Korean exchange restores balance

Binance's market share dipped for the fifth month in a row. Korean-based exchange Upbit witnessed the largest increase in market share. Top cryptocurrencies continued to dampen the spirit ofThe post Binance market share erodes, but Korean exchange restores balance appeared first on AMBCrypto.

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How Binance edged out rivals to establish dominance in spot trading

Binance ate into the share of its nearest rivals and consolidated its position in the market. Binance's market share witnessed a considerable decline in 2023, weighed down by regulatory scrutinThe post How Binance edged out rivals to establish dominance in spot trading appeared first on AMBCrypto.

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Challenger exchanges look to compete with Binance as OKX, Bitget claim market share

As reserves continue to decline across all major centralized exchanges (CEXs), Binance, the top exchange by trading volume, is beginning to lose market share to other competitors. Data provided by Glassnode shows the peak for CEX Bitcoin reserves was hit in 2020, reaching 3 million BTC.

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Binance celebrates its sixth anniversary: a reflection of few key moments

As Binance turns 6, it’s an opportunity to look back, share some memories, and look forward. What was once just an idea has grown into a worldwide platform that gives more than 140 million individuals access to finance globally, with perhaps billions more to follow.

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How Bitcoin helped revive crypto in June

Binance's market share declined by 1.4% to 41.6%, the most among centralized exchanges. Derivatives market share fell for the first time in four months. Fueled by institutional interest in dThe post How Bitcoin helped revive crypto in June appeared first on AMBCrypto.

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Binance Market Share Declines Amid Regulatory Challenges, US Affiliate Also Impacted

The year has been challenging for Binance, the world’s leading cryptocurrency exchange, and its U. S. counterpart, Binance. US. Both have considerably reduced their market shares due to increased regulatory scrutiny across various global jurisdictions.

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Binance.US Market Share Drops To New All-Time Low Amid Regulatory Troubles

The United States arm of the crypto exchange Binance has been targeted by regulators over the last month. As a result, the Binance. US exchange has been seeing its market share declining rapidly, and now, the crypto exchange’s market share in the country has fallen to an all-time low.

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Binance.US market share drops below 1% amid regulatory lawsuit: Report

The U.S. market share of Binance.US has reportedly dropped amid a Securities and Exchange Commission lawsuit, while Coinbase’s rose roughly 7% in June.

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Binance Futures Market Shares Dips Below 60%

Binance's share of the global perpetual futures markets fall 10% from 66% in December to 56% in June.

The post Binance Futures Market Shares Dips Below 60% appeared first on BeInCrypto.

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Binance’s Market Share Fell Further in June

The crypto exchange still remains the world’s largest by a significant proportion.

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Binance market share declines amid legal challenges

Binance, a prominent player in the cryptocurrency exchange industry, has experienced a notable decline in market share amid increasing regulatory scrutiny and legal challenges.

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Binance Market Share Drops to One-Year Low: Details

Binance's daily market share fell to as low as 56%

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Binance’s Woes Continue as Market Share Plummets

Binance's market share declined from 65. 9% in January to 55. 9% in June 2023 due to regulatory issues. Coinbase's market share also fell from 7. 6% to 6. 8%. Meanwhile, OKX, Kraken, Huobi, and 16 other exchanges gained market share.

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Binance market share at 1-year low: Kaiko

Binance’s spot trading market share stood at 55.9% in June 2023, hitting a nearly one-year low. The exchange was facing regulatory action not only in the U.S. but in countries such as France The post Binance market share at 1-year low: Kaiko appeared first on AMBCrypto.

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Changpeng Zhao Defends Binance Strength Amid Report Of Mass Outflows, Shows New Data

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How U.S. exchanges lost market share after regulatory clampdown

Binance. US saw its market share plummet to 1%, from an all-time high of 27% recorded recently. The dearth of liquidity was reflected in the sharp uptick in BTC outflows from Binance. The cryThe post How U.

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Binance Netherlands exit — Dutch central bank says registration failings are confidential

De Nederlandsche Bank cannot share details of Binance’s registration failings in the country due to the confidentiality requirements of its supervisory laws.

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Binance UK Office Among 2,403 Companies Occupying Shared Space In Suffolk

The registered address for Binance UK has been revealed as the exchange looks to exit the region. In a recent development, thousands of companies were discovered to share a small building as an office in Suffolk, United Kingdom.

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Binance US Market Share Drops to 1%: Withdrawal Problems Continue

Over the past week, several Binance US users have decried their inability to process withdrawals from the platform. The post Binance US Market Share Drops to 1%: Withdrawal Problems Continue appeared first on BeInCrypto.

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Vitalik Buterin’s Musical Tribute: ‘V Buterin’ is a Free-to-Mint NFT Hit

The cryptocurrency world has its share of legendary figures, from the enigmatic Bitcoin founder Satoshi Nakamoto to high-profile personalities like Sam Bankman-Fried and Binance CEO Changpeng Zhao.

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BNB price analysis amid Binance’s shrinking market share & SEC lawsuit: Report

Binance is the world’s largest cryptocurrency exchange, and it’s not particularly close. Their dominance is to such a degree that it qualifies as extremely ironic, coming in an industry that points to the concept of decentralisation as one of its core pillars.

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Is Binance’s dominance falling?

Key Takeaways Binance’s share of trading volume is at 48%, despite being 66% at the start of the year Exchange has landed in hot water over a multitude of regulatory issues, while lack of transparency has caused concern in market A round of layoffs is planned at the company, following in the footsteps of many […] The post Is Binance’s dominance falling? appeared first on CoinJournal.

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Binance Market Share Drops to Lowest Level Since October

The exchange remains the largest cryptocurrency exchange by trading volume.

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Binance market share chopped with the end of zero-fee BTC trading

A Binance spokesperson told Cointelegraph that the company had forecasted the drop after its decision to end its zero-fee Bitcoin trading but that it’s “not a concern.”

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Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps

At a time when USDT is touching new market cap highs, other stablecoins are struggling to keep their market share.

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Sharks & Whales Accumulate Stablecoins, Why This Could Be Bullish For Bitcoin

Data shows the sharks and whales of the largest stablecoins have been accumulating, something that may turn out to be bullish for Bitcoin. Sharks & Whales Have Been Loading Up On Stablecoins Recently According to data from the on-chain analytics firm Santiment, the sharks and whales have recently improved their share of the total supply of stablecoins like USD Coin (USDC), Dai (DAI), and Binance USD (BUSD).

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Are Binance and OKX Losing Holders to Tradecurve (TCRV)?

As the cryptocurrency market evolves, innovative platforms emerge to captivate traders and investors. Tradecurve (TCRV) is among these attention-grabbing platforms, prompting the question: Can Tradecurve lure holders from established exchanges such as Binance and OKX? Let’s find out! >>BUY TCRV TOKENS NOW<< Binance’s Market Share Declines as Zero-Fee Trading Ends In March, Binance decided to […]

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Binance’s share of Bitcoin spot market falls more than half since February peak of 85%

Binance’s market share of the Bitcoin spot market continues trending downwards — suggesting the war on crypto is taking its toll on the world’s largest exchange. Shifting Bitcoin spot volume dynamics CoinShares’ Head of Research, James Butterfill, posted a chart of Bitcoin spot volume by centralized exchange (CEX) market share.

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