Binance Loses Market Share Amid Regulatory Lawsuit And Trading Fee Changes

Binance, the leading cryptocurrency exchange, has lost 16% of its market share in trading volume in the last two weeks due to the US Commodity Futures Trading Commission (CFTC) lawsuit and its decision to halt zero-fee trading. Blockchain analytics platform Kaiko reported that Binance still has a 54% market share, but its decision to end zero-fee spot and margin trading for 13 trading pairs largely contributed to its downfall. However, Binance.US tripled its market share from 8% to 24% over the quarter, mitigating the decline.