Binance Continues to Lose Ground
Over the past seven months, Binance’s market share in the cryptocurrency spot market has dwindled from 55.2% to 34.3%, and in the derivatives market, it has dropped to 51.5%.
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This decline can largely be attributed to the discontinuation of zero-commission trading on Bitcoin in the spot market and ongoing legal challenges with various regulators.
Binance is making efforts to refute any accusations by officials, but the prevailing uncertainty is undermining the effectiveness of these endeavors.
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