Binance's share in cryptocurrency market drops to 50%

16:37 - 30.10.2023


October 30, Fineko/abc.az. The share of trading volume on the Binance cryptocurrency exchange fell from 74% in December 2022 to 50%.

ABC.AZ reports that 16 top managers have recently left Binance.

In June, SEC filed a lawsuit against Binance and its head Changpeng Zhao for violating securities trading rules.

These events caused concern to a number of trading companies, forcing them to reduce their trading operations on the stock market.