The decline in the market share of the Binance platform despite the rise in the crypto market

The Binance platform has long dominated global crypto sector trading, but its market share has continued to decline despite the digital currency sector as a whole recording notable increases. Frank Chaparro pointed out in an opinion article he recently published on the website The Block News points to the continued decline in the market share of the Binance platform - the largest platform for crypto trading in the world - as Chaparro showed that the market share of the Binance platform - considering trading platforms not backed by the US dollar - has fallen from 74% in December of last year to 50%. % during the current month.

This decline coincides with the Binance platform losing a number of its senior employees, as at least 16 executives left their work on the platform during the past two years, according to Frank Chaparro in his article.

Among the most prominent departures from the Binance platform is Brian Brooks - the former legislator and former CEO of the Binance platform, the US branch (Binance.US), who announced that he was suddenly relinquishing his position on the platform in August of 2021 after holding the position for a period of time. Only three months.

Brooks later revealed the real reason that prompted him to make this decision, as he said that “he was not the real person in charge of the company,” adding that the CEO of the Binance platform, Changpeng Zhao - known by the abbreviation CZ - was the actual director of the company.

After Brooks left his position on the platform, Brian Schroder assumed the responsibilities of CEO of the Binance.US platform in his place, and the latter’s fate was similar to his predecessor, as Schroder announced - in mid-September - his departure from the platform in the midst of the confrontation with the Binance platform. .US faces many regulatory pressures.