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Binance’s market share in non-dollar crypto exchanges has declined by nearly 25% since the beginning of 2023. 
According to&nbsp;<a href="https://www.theblock.co/post/253132/binance-market-share-non-usd-exchanges" target="_blank" rel="noreferrer noopener">data</a>, the projected market share for Binance in September 2023 will be 50.76%.&nbsp;Market share fell sharply in April before briefly recovering in June. It has since continued contracting. 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="795" src="https://crypto.news/app/uploads/2023/09/Screenshot-2023-09-27-at-13.24.43-1024x795.png" alt="Binance’s market share in non-dollar exchanges drops by 25% - 14" class="wp-image-14198665">
 <figcaption class="wp-element-caption">
 Source:&nbsp;<a href="https://www.theblock.co/data/crypto-markets/spot/no-usd-support-exchange-volume-market-share" target="_blank" rel="noopener">The Block</a>
 </figcaption>
</figure> 
<blockquote class="wp-block-quote"> 
 “Binance finished 2022 with a 75% market share among a group of platforms that also includes major Asian players like Upbit, Huobi, Bybit and OKX — but that figure declined steadily throughout the year, hitting 54% in August.” <cite>The Block</cite>
</blockquote> 
In March 2023, Binance’s trading volume was $556.36 billion but fell to $192.12 billion by August. 
Analysts predict trading volumes to contract in September. Binance’s removal of&nbsp;<a target="_blank" href="https://crypto.news/binance-announces-free-bitcoin-trading-with-tusd/" rel="noreferrer noopener">zero fees</a>&nbsp;for popular trading pairs may negatively impact activity and, thus, volume. 
 You might also like: <a href="https://crypto.news/binances-bitcoin-volume-plummets-after-end-of-zero-commission-trading/"> Binance’s Bitcoin volume plummets after end of zero-commission trading </a> 
With Binance losing market share, Upbit, a non-dollar crypto exchange, has added 5.5% over the past month.&nbsp; 
Binance remains under increased regulatory scrutiny and has since exited several markets, including the Netherlands and&nbsp;<a target="_blank" href="https://crypto.news/breaking-binance-pulls-out-of-russia-selling-local-subsidiary-to-commex/" rel="noreferrer noopener">Russia</a>.&nbsp; 
In the United States, the Securities and Exchange Commission (SEC) has <a href="https://crypto.news/binance-and-changpeng-zhao-ask-court-to-dismiss-sec-suit/" data-type="post" data-id="14197349">filed</a> 13 charges against the company, its founder Changpeng Zhao, and the American subsidiary BAM Trading Services Inc.&nbsp; 
 You might also like: <a href="https://crypto.news/binance-and-changpeng-zhao-ask-court-to-dismiss-sec-suit/"> Binance and Changpeng Zhao ask court to dismiss SEC suit </a>

Binance’s market share in non-dollar exchanges drops by 25%

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