Dec 12, 2023

According to numbers provided by CCData, Binance's market share so far in December was just 30.1% versus 55% at the start of the year.

Video transcript

The chart of the day is presented by, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Binance has seen its spot market share gradually decline over the year as the company faces a slew of charges from regulators that eventually led to Chang Peng Zhao, who's also known as CE Z. Stepping down as CEO CC data shows finance's market share so far in December was just over 30% versus 55% at the start of the year. From January to September. The exchange's monthly spot volumes declined by over 70% from $474 billion to 114 billion CC data does note that Binance has begun to see a boost in monthly trading volume since September even as its market share continued to slide. Despite Bin's decline in spot trading market share over the year, it still remains the largest Cryptocurrency exchange by a wide margin. That's it for today's chart of the day. I'm Jen Sasi. We'll see you next time to unpack more of the data behind top news stories.

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