Binance’s Market Share Fell Further in June

According to CCData, Binance’s spot market share in June dropped to 41.9% from 43% a month earlier, marking the fourth consecutive monthly decline for the exchange and the lowest level since August 2022.

Binance, however, remains the world’s largest crypto exchange by a wide margin. Seychelles-based OKX is second in market share at 5.44% and American exchange Coinbase third at 5.37%.decline four months ago after the exchange on March 22 halted its no-fee trading promotion for 13 bitcoin spot trading pairs, including BTC-USDT.

Binance’s U.S. operation, Binance.US – also sued by the SEC – saw its market share decline to 0.39% from 1.18%, said CCData. Not left out of the SEC lawsuits in June was Coinbase and that exchange saw relatively stable market share of 5.37% this month versus 5.43% in May. DigiFinex, ByBit and Kraken were among those exchanges seeing modest increases in market share in June.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tesla to hit record quarterly sales in China even as market share shrinks - analystsTesla is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share in the world's largest auto market, analysts say.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Tesla to hit record quarterly sales in China even as market share shrinks, analysts sayTesla is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share in the world's largest auto market, analysts say.
La source: Reuters - 🏆 2. / 97 Lire la suite »