Binance Market Share Sinks to Lowest Level in Eight Months

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Is Binance's grip on the crypto market loosening? With a consecutive decline over the past three months, its market share sunk to an eight-month low despite remaining the largest crypto platform by trading volume. Watch more, presented by cryptocom:

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Binance market share chopped with the end of zero-fee BTC tradingBinance’s competitors are still far behind in terms of total market share but the company says it “welcomes and encourages competition” to encourage innovation in the industry. Previously, binance controlled over half of the market share, with some numbers showing its share as high as 57.5%. In addition, the report notes that spot trading on Binance fell by 48.1% to $287 billion in April.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Binance Market Share Drops to Lowest Level Since OctoberBinance's market share has dropped to its lowest level in eight months but it remains the largest cryptocurrency exchange by trading volume. LedesmaLyllah reports.
Source: CoinDesk - 🏆 291. / 63 Read more »