Report: Affected by regulation, Binance’s spot market share dropped from 64% at the beginning of the year to 50%

Odaily Planet Daily News As U.S. regulators scrutinize Binance and Coinbase for alleged violations of federal laws, the Binance and Coinbase platforms appear to be losing market share. Blockchain analytics firm Kaiko reported that Binance’s spot market share has dropped to 50 percent from 64 percent earlier this year. It’s down 22% over the past seven months, and a similar story has happened for Coinbase, whose spot market share has fallen from 8% to 5.5% over the same period. As Binance and Coinbase's grip on the market has waned, other cryptocurrency exchanges have also gained market share. The latter’s market share grew from 26% at the beginning of the year to 44% in July, according to Kaiko. (Crypto Potato)