CCData: Binance's cryptocurrency market share drops to a four-year low

ChainCatcher message indicates that, according to CCData, Binance's combined market share in spot and derivatives trading fell to its lowest level since September 2020 in September.

Its spot trading volume decreased by nearly 23% compared to August, bringing its spot market share down to 27%, the lowest since January 2021. The platform's derivatives trading also dropped by 21%, with a market share of 40.7% in CEX, the lowest level since September 2020.