Binance Market Share Hits Lowest Since November After CFTC Lawsuit, End of Zero-Fee Trading

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.binance's market share relative to other crypto exchanges has sunk to 54% from 70% two weeks ago, according to data from KaikoData. LedesmaLyllah writes.

and the exchange eliminated zero-fee trading for some trading pairs.

Its market share relative to other crypto exchanges has sunk to 54% from 70% two weeks ago, according to data from research platform Kaiko. That’s the lowest since Nov. 5 and the lowest sustained market share since August, Kaiko said.Changpeng Zhao on March 27, alleging they offered unregistered crypto derivatives products in the U.S. against federal law.halted its no-fee trading

promotion for 13 bitcoin spot trading pairs. “Binance’s excess volume largely vanished with the end of zero-fee trading, which was reflected in an even dispersal in market share among the remaining exchanges,” according to a Kaiko report. Kaiko noted that as global exchanges are increasingly getting targeted by regulators, the U.S. market is particularly fragile right now for the remaining crypto exchanges.

In the U.S., crypto exchange Coinbase also saw its market share drop in the first quarter. Coinbase went from a weekly average of 60% to 49% while

 

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binance KaikoData LedesmaLyllah Amazing news ! It should go to less than 5%

binance KaikoData LedesmaLyllah Don't know which part of your fake to believe

binance KaikoData LedesmaLyllah 👀👀👀

binance KaikoData LedesmaLyllah gonna show you who's boss

binance KaikoData LedesmaLyllah Better than stock market

binance KaikoData LedesmaLyllah Competition is good!

binance KaikoData LedesmaLyllah 😬

binance KaikoData LedesmaLyllah not for long, Binance global is more financially fundamentally sound than the US Fed

binance KaikoData LedesmaLyllah I wonder if it has to do with Binance ceasing staking in the UK and AUS?

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