Binance’s Crypto Market Share Declines to Lowest in Four Years

Binance’s rehabilitative efforts appear to be slow to take root, with the largest crypto platform’s share of trading volume in the roughly $2 trillion digital-asset market falling in September to the lowest level in four years.

The market share of the world’s biggest crypto exchange shrunk to 36.6% last month, down from 42.7% at the start of the year, according to researcher CCData. Binance’s 27% share of the spot market is the least since January 2021, while it accounts for 40.7% of derivatives trading, also the lowest in four years.

Binance has been losing market share since March 2023, ...