- According to a report from CCData on October 3, Binance's dominance in the cryptocurrency market has declined significantly.

- Binance's spot market share has fallen to 27%, the lowest since January 2021.

- Binance's spot trading volume fell 22.9% to $344 billion in September, the lowest monthly volume since November 2023.

- Binance's derivatives market share also fell to 40.7%, the lowest since September 2020.

- Despite this, Binance remains the largest derivatives exchange by volume, trading $1.25 trillion in September.

- Binance, Upbit, and OKX saw their market share decline by 5.3%, 4.6%, and 4.0%, respectively.

- Meanwhile, Crypto.com's trading volumes grew by over 40%, reaching 11% of the market share, making it the fourth-largest centralized trading platform.

- Crypto.com and Coinbase were the best performers among derivatives exchanges, increasing their volumes by 42.8% and 7.05%, respectively.

- Derivatives account for over 70% of the total crypto market volume.

- September is traditionally a slow month for trading, but October is usually more active, although crypto markets have already declined by 8% since the beginning of the month.

- The study points to a possible shift in trader preferences in favor of new exchanges like Crypto.with.