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<ul class="news-points"> 
 <li>Binance’s spot volume market share among centralized exchanges dropped 18% this year.&nbsp;</li> 
 <li>The drop came after the CFTC and SEC stepped up regulatory actions against the exchange.&nbsp;</li> 
 <li>Binance’s market share now stands at 43.8%, down from a peak of 62.3% in January.</li> 
</ul> 
The world’s largest <a href="https://coinedition.com/tag/binance-news/">cryptocurrency exchange, Binance</a>, saw its spot volume market share amongst centralized exchanges decline significantly this year, as per Kaiko Research <a href="https://research.kaiko.com/insights/the-10-charts-that-defined-2023" target="_blank" rel="nofollow">report</a> details. The decline came following the exchange’s legal troubles in the United States.&nbsp; 
The U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) stepped up regulatory actions against the exchange. While the CFTC accused the exchange of trying to move Binance.US customers to its global platform, the SEC made similar allegations alongside wash trading accusations.&nbsp; 
The FUD that followed the allegations and the regulatory actions led to investors moving their assets away from the exchange, given that the FTX collapse was still freshly ingrained. Kaiko wrote,&nbsp; 
<blockquote class="wp-block-quote"> 
 These charges did serious damage to Binance.US, causing massive outflows of liquidity and dropping its market shar…
</blockquote>
The post <a href="https://coinedition.com/binance-market-share-tumbles-18-on-regulatory-heat-in-us-kaiko/">Binance Market Share Tumbles 18% on Regulatory Heat in US: Kaiko</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance Market Share Tumbles 18% on Regulatory Heat in US: Kaiko

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