Binance’s spot cryptocurrency trading market share has dropped to 25%, the lowest level since early 2021. The decline comes after a period of strong dominance, with the market share peaking near 60% in 2023. Analysts say the drop reflects shifting trading flows as investors diversify across exchanges and venues, potentially altering liquidity and price discovery in the spot market. The data highlight ongoing changes in liquidity dynamics across platforms, underscoring evolving competition and market structure in the crypto spot landscape.
Binance Spot Trading Share Drops to 25%, Lowest Since 2021
Binance’s spot market share slips to 25%, the lowest since 2021, amid shifting crypto trading flows.
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