Binance's market share has declined recently. According to Bloomberg data, Binance's market share fell to 36.6% in September 2024, the lowest level since September 2020. Specifically, Binance's trading share in the spot market fell to 27%, and its trading share in the derivatives market fell to 40.7%, both of which were four-year lows.

Meanwhile, other competitors' market share has risen. For example,

Crypto.com's spot and derivatives trading volumes grew by more than 40%, and its market share increased to 10.5%.

Bybit's market share was 8.07%, ranking second;

OKX's market share was 4.50%, ranking third;

HTX's market share was 3.95%, ranking fourth;

Bitget's market share was 3.00%, ranking fifth.

These changes may be due to Binance's legal challenges and leadership changes, as well as the general decline in trading volume across the cryptocurrency market in September. Despite this, Binance remains the world's largest cryptocurrency trading platform, but its market share is being challenged by competitors. $BNB $BTC #binancefutures #币安世界第一