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<div class="cryptonews"> 
 <p class="is-style-lead">Binance’s <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> <a rel="dofollow" title="share" href="https://thebittimes.com/tag/share.html">share</a> in non<a rel="dofollow" title="-dollar" href="https://thebittimes.com/tag/dollar.html">-dollar</a> crypto <a rel="dofollow" title="exchanges" href="https://thebittimes.com/tag/exchanges.html">exchanges</a> has declined by nearly 25% since the beginning of 2023.</p> 
 <p>According to&nbsp;data, 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.</p> 
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   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/09/27/8c5db81003b1ba51ceb75e4233fb1f90.webp.webp"> 
   <img decoding="async" width="1024" height="795" src="https://cdn.thebittimes.com/images/2023/09/27/8c5db81003b1ba51ceb75e4233fb1f90.webp" alt="Binance’s market share in non-dollar exchanges drops by 25% - 1"> 
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   Source:&nbsp;The Block
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 <blockquote class="wp-block-quote"> 
  <p>“Binance finished 2022 with a 75% <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> <a rel="dofollow" title="share" href="https://thebittimes.com/tag/share.html">share</a> 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.”</p> <cite>The Block</cite>
 </blockquote> 
 <p>In March 2023, Binance’s trading volume was $556.36 billion but fell to $192.12 billion by August.</p> 
 <p>Analysts predict trading volumes to contract in September. Binance’s removal of&nbsp;zero fees&nbsp;for popular trading pairs may negatively impact activity and, thus, volume.</p> 
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 </div> 
 <p>With Binance losing market share, Upbit, a non-dollar crypto exchange, has added 5.5% over the past month.&nbsp;</p> 
 <p>Binance remains under increased regulatory scrutiny and has since exited several markets, including the Netherlands and&nbsp;Russia.&nbsp;</p> 
 <p>In the United States, the Securities and Exchange Commission (SEC) has filed 13 charges against the company, its founder Changpeng Zhao, and the American subsidiary BAM Trading Services Inc.&nbsp;</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/binance-s-market-share-in-non-dollar-exchanges-drops-by-25-tbt64183.html">https://thebittimes.com/binance-s-market-share-in-non-dollar-exchanges-drops-by-25-tbt64183.html</a></p>

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

TheBitTimes

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