- Binance's market share of spot and derivatives volumes fell to its lowest since September 2020, according to a report from CCData.

- Trading volumes fell to their lowest since June in September, but activity is expected to pick up in the final quarter amid the Fed's rate cuts.

- Binance's spot share has fallen 23% since August to 27%, while its derivatives share has fallen 21% to 40.7%.

- One of the beneficiaries of Binance's decline has been Crypto.com, which has seen its trading volumes increase by over 40%.

- Binance's decline in dominance has coincided with increased regulatory pressure, including an SEC lawsuit and a $4.3 billion fine.

- Binance founder Changpeng Zhao pleaded guilty and was sentenced to four months in prison for violating the Bank Secrecy Act.