{"id":138527,"date":"2024-10-04T14:30:08","date_gmt":"2024-10-04T11:30:08","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138527"},"modified":"2024-10-04T03:15:13","modified_gmt":"2024-10-04T00:15:13","slug":"regulatory-pressure-hits-binance-as-trading-volumes-plunge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/regulatory-pressure-hits-binance-as-trading-volumes-plunge\/","title":{"rendered":"Regulatory Pressure Hits Binance as Trading Volumes Plunge"},"content":{"rendered":"

Data from CCData<\/a> <\/strong>revealed a 21% fall in the exchange\u2019s derivatives market, bringing volumes down to $1.25 trillion\u2014the weakest since October 2023. This reduction saw Binance\u2019s share of the derivatives market fall to 40.7%, a sharp decline for the exchange, which has long dominated this space.<\/p>\n

Spot trading also took a hit, shrinking by 22.9% to $344 billion, its lowest since November 2023, causing Binance\u2019s global market share in spot trading to dip to 27%, its smallest since 2021. Overall, the exchange\u2019s combined market share across derivatives and spot trading dropped to 36.6%, a level not seen in three years.<\/p>\n

Regulatory challenges have played a significant role in Binance\u2019s recent struggles. The exchange has been under increased scrutiny since early 2023 and faced a lawsuit from the U.S. Securities and Exchange Commission in June, accusing it of operating without proper registration and selling unregulated securities.<\/p>\n