Binance’s Crypto Market Share Drops to Lowest Level in Four Years
According to CCData, Binance’s combined market share in spot and derivatives trading volume fell in September to its lowest level since September 2020. Spot trading volume dropped by nearly 23% compared to August, reducing its spot market share to 27%, the lowest since January 2021. Derivatives trading also declined by 21%, with Binance holding a market share of 40.7% among centralized exchanges (CEX), marking its lowest point since September 2020.