In a notable development, the world’s leading cryptocurrency exchange, Binance, observed a significant dip in its market share in 2023, down to 30%. What Happened: As per a report by CoinDesk, regulatory hurdles and top-level exits contributed to Binance’s market share falling from 55% at the year’s commencement to 30.1% by December. CCData’s findings show that Binance’s monthly spot volumes saw a drastic reduction of over 70%, moving from $474 billion to $114 billion between January and September. Following a legal dispute with the Commodity Futures Trading Commission (CFTC), the company and …

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