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Binance Market Share Continues To Drop

Started 3 weeks ago by Paschal in Finance, Cryptocurrency

Binance Market Share Continues To Drop

Binance is witnessing a significant decline in its market position, with its share of the spot market shrinking by 13% over the past year. In October 2023,...

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Binance is witnessing a significant decline in its market position, with its share of the spot market shrinking by 13% over the past year. In October 2023, Binance held a dominant 52.5% of the market, but this has fallen to 39.5% by October 2024. This downturn reflects the ongoing challenges the exchange faces in a rapidly evolving cryptocurrency landscape.

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