📉 Binance is losing ground! Derivatives trading volume fell 21% in September to $1.25 trillion, the lowest since October 2023. Spot trading also fell 22.9% to $344 billion. Binance's market share fell to 36.6%, the lowest since September 2020.
📈 Meanwhile, Crypto.com is gaining momentum, increasing volumes by 40.2% and 42.8%. The total market share reached 11%, making it the fourth exchange by volume.
Analysts expect the market to revive in the coming months thanks to the US Federal Reserve's rate cut.