Binance Faces Market Share Decline Amid Global Regulatory Challenges

The crypto exchange's dominance slips to a four-year low as regulatory pressures mount across multiple regions.

Binance's market share in spot and derivatives trading dropped to 36.6% in September, its lowest since 2020.
The exchange's spot trading volume fell over 20%, reducing its market share to 27%, the weakest since January 2021.
Regulatory issues have forced Binance to exit markets in the Netherlands, Germany, and Canada over the past two years.
Legal challenges in the U.S. led to Binance agreeing to a $4.3 billion fine and its founder, Changpeng 'CZ' Zhao, serving prison time.
Overall crypto trading volumes fell 17% in September, but activity is expected to rise in the last quarter due to economic catalysts.