Binance spot trading share hits 4-year low as rivals gain and CZ questions X’s KYC plan
Binance’s global spot crypto trading share fell to 25% in December, its lowest since January 2021, according to CoinDesk Data. Spot volume on Binance dropped 38.8% to $367 billion as overall centralized exchange activity slumped. HTX’s market share rose to 5.27%. Offshore platforms and on-chain derivatives venues gained traction, Benzinga reported.