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<ul><li>Binance lost 16% market shares in the first quarter of 2023, according to a recent report.</li><li>The report stated that the fall resulted from the CFTC lawsuit and the firm’s decision to end its free trading program.</li><li>While Coinbase’s shares have fallen almost to 49%, Binance US shares surged 24%.</li></ul>A recent report indicated that the leading <a href="https://coinedition.com/tag/binance-news/" rel="noopener noreferrer nofollow">crypto exchange Binance</a> has lost almost 16% market share of trade volume over the past two weeks, subsequent to CFTC’s lawsuit against the exchange. It is also reported that the loss has also been a result of the exchange’s decision to end its zero-fee trading program.The previous week, the United States Commodity Futures Trading Commission (CFTC)<a href="https://www.bloomberg.com/news/articles/2023-03-27/crypto-exchange-binance-sued-by-us-cftc-for-alleged-derivatives-rule-lapses#xj4y7vzkg" rel="noopener noreferrer nofollow"> </a>alleged that Binance and its CEO Changpeng Zhao have been performing financial activities without proper registration since 2019.Notably, as per the<a href="https://blog.kaiko.com/binance-market-share-tumbles-16-fcb6d1dce7fe" rel="noopener noreferrer nofollow"> </a>details issued by the crypto market data provider Kaiko, the banking crisis and ongoing regulatory crackdown have upended the crypto market structure, leaving an uncertain dynamic among the world’s largest exchanges.<a href="https://coinedition.com/binance-market-share-drops-in-first-quarter-binance-us-surges/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Binance Market Share Drops in First Quarter; Binance US Surges

Coin Edition

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