Kaiko: Binance’s market share dropped significantly last year to 44.5%
According to Kaiko, a cryptocurrency intelligence platform, the market share of Binance, a cryptocurrency exchange, dropped significantly to 44.5% last year. This decline followed a three-year upward trend, with Binance's market share skyrocketing from 22% in 2020 to a peak of 60% in 2022. However, regulatory barriers in multiple jurisdictions subsequently led to a decline in its market share over the past year. Due to regulatory compliance issues, Binance exited several countries in Canada, the UK, and Europe, including Austria, Cyprus, and the Netherlands in 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tomi Unveils 7-Phase Roadmap for its SuperApp
Cool-ish PPI reading paves way for CPI report
Analysts still caution investors not to take a cool reading as a sign for future rate cuts
AI Tokens Rally Up to 28% After Franklin Templeton's Bullish AI Agent Report
XDC Token Hits Four-Year Peak in Stunning 21% Surge