BlockBeats news, on October 7, according to the CCData report, Binance's market share fell to 36.6%, the lowest point in four years. Since March of this year, Binance's market share has continued to decline as global regulators have stepped up their scrutiny.

Earlier this year, Binance's market share was 42.7%, a significant decrease in a few months. Binance's spot market share has also dropped to only 27% of trading volume, the lowest level since January 2021.

Binance has faced many major regulatory challenges over the past year, and eventually reached a settlement with the U.S. Department of Justice over sanctions violations and paid a $4 billion fine. After these problems, Binance's co-founder and former CEO CZ announced his resignation due to legal issues, including four months in prison.