While Binance’s market share has fallen below 50%, it’s “not a concern” for the exchange operator.
Binance had a 62% market share in spot crypto trading volumes in February and that has declined to around 47% this month thus far,. Nonetheless, Binance remains the largest spot crypto exchange in the world. Binance's declining market share is caused by factors including the exchange recently ending its zero fees on bitcoin trading and overall tepid trading volumes over the past few months.for most trading pairs," a Binance spokesperson told The Block."This is not a concern for us. We continue to maintain our strong financial performance."
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