BinanceAccording to the data released in the first quarter report of the year, with the effect of bad news one after another, had a 16 percent decline.
According to the data provided by Kaiko, the negative events experienced by Binance in the past quarter were also reflected in the data. The banking crisis, regulatory pressures and Binanceheading towards FUD‘s market share of the popular cryptocurrency exchange fell 16% in the first quarter.
Again BinanceDespite the decline in market share, 54 percentwith a stock market dominance of It remains the largest crypto exchange in the world.
Binance Market Share Drops
year 2023, regulatory pressures and turning to cryptocurrency exchanges FUD It’s busy with ‘s. These news feeds and factors affected the volumes and market shares of exchanges. Binance, 16 percentIt attracted attention with a loss of market share of .
by kaikoin the prepared report, Binance It was observed that ‘ was losing blood in the first quarter. Clients and assets floating from Binance, the decentralized exchange Uniswapregistered to .
BinanceOne of the biggest reasons for ‘s loss of market share is the termination of the zero commission trade implemented on the platform.
On the other hand Upbit, XRPThanks to the volume on its side, it became one of the crypto exchanges that gained the most important market share. coinbaseOn the other hand, last quarter, There was an 11% loss of market share.
