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International Business Times

Business

Nica Osorio

Binance Spot Volume Market Share Nosedives Following Regulatory Troubles In US

Binance Changpeng Zhao United States CFTC CZ Kaiko Crypto DOJ SEC

KEY POINTS

Binance startied the year in "its most dominant position ever"
Its spot volume however declined by 18%
Currently, Binance market share is at 43.8% against the 56.2% held by other centralized cryptocurrency exchange platforms

Cryptocurrency exchange platform Binance saw a massive drop in its spot volume market, following lawsuits filed against it by several regulators in the U.S.

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