Going through tough days Binance, market share approached the lowest level of the year.
Binance is not smiling in terms of regulators after FTX went bankrupt. US regulators SEC and CFTC are constantly targeting Binance. The final blow to the popular crypto exchange was the lawsuit filed by the SEC recently. SEC, BinanceAnd Binance CEO to CZ had sued. All these processes led to Binance losing blood.
Binance regains spot trading market share after regulatory pressures to 56 percent declined. Binance had a 53 percent market share last August.
Binance Market Share Declines
Cryptocurrency exchange Binance, with the loss of blood after regulatory pressures, the spot trade market share fell to 56 percent.
Kaiko’s According to research data, the exchange’s spot trading market share is approaching a one-year low. The data revealed that Binance’s market share in spot trading has changed little from the previous two months. Binance dominates 56 percent of the market share.
Binance‘s daily market share, on April 6, just after a lawsuit filed by the CFTC 47 percent It had regressed to . But BlackRock’s bitcoin ETF Applications and interest from institutions enabled Binance to increase its market share to 56 percent. Looking at Kaiko data, the crypto exchange making progress in this process Krakenit happened.
Before, nansenCEO Alex SvanevikHe said that centralized exchanges would be squeezed. to Svanevik according to This jamming This will happen as centralized exchanges remain between institutions and decentralized exchanges. That is, investors to ETFswill lead or decentralized from the stock marketswill start processing.
