Binance, the world’s largest cryptocurrency exchange, lost a significant portion of its spot trading market share after the lawsuit filed by the CFTC, and tripled its dominance in the US.
Digital asset data provider kaiko In his article published on April 3, Binance US Commodity Futures Trading Commission (CFTC) spot transaction dominance in the cryptocurrency market after the lawsuit filed by 16% of declaring that he lost in the USA market share 200% proved to increase.
banking crisis and ongoing regulatory pressures. dynamics between crypto exchanges make it unclear citing Kaiko, Binance’s past in 2 weeks sued by the CFTC and zero commission trading programs termination on the spot side important noted that it lost a market share. However, the stock market is still in the global spot market. 54% of holding in hand leader It was also underlined that he maintains his position. Binance, demand derivatives its current share in the market 2% of lost to other derivatives exchanges.
On the other hand, Binance’s US subsidiary Binance.US market share 8% from the level to 24% while removing the stock market’s biggest competitor in the US Coinbase’s if available 60% market share in the process to 49% declined.