Category: Binance Trading Volume

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Binance Faces Erosion in Market Dominance with 10% Decline in Trading Volume Amidst Rising Competition: Report

November 13, 2023

Source: Adobe According to the November 6 report by blockchain analytics firm 0xScope, Binance has maintained its position as the top centralized exchange, with a significant market share; however, its dominance has weakened over the past year, with a continuous decrease in trading volume, particularly in the last three months, experiencing a roughly 10% decrease…
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Binance’s Spot Market Share Dips to 34.3% – What’s Behind the Decline?

October 6, 2023

According to yesterday’s report by cryptocurrency data provider CCData, Binance’s spot market share has seen a notable decline, falling from 38.5% in August to 34.3% in September. This marks the seventh consecutive month of decreasing spot market share for the world’s leading cryptocurrency exchange. The slump in Binance’s market share isn’t isolated to the spot…
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