๐ Binance's reign in Bitcoin trading outside the US is waning, with its share dropping from 81.3% to 55.3% in a year. Smaller tokens & altcoins also saw a dip from 58% to 50.5%. ๐
Rising stars Bybit & OKX are gaining ground, with their shares surging to 9.3% & 7.3% respectively.
Binance's decline is partly due to the end of its Bitcoin zero-fee promo. Meanwhile, Bitcoin's 4th halving event caused a stir, but its long-term outlook remains positive. ๐ช
Despite legal challenges, Binance is rebuilding its reputation under new leadership. It's tightening token listing criteria & has formed a board of directors.
Bitcoin's value dipped 6% in April, while traditional safe-haven assets like gold & the US dollar rallied.
What's your take on these market shifts? Share your thoughts below! ๐ #CryptoNews #BitcoinTrading