Data from CCData shows that the 5% market depth for ETH pairs on American centralized exchanges has dipped to $14 million. Offshore, the situation is nearly the same, with liquidity down 19% to about $10 million.
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Data from CCData shows that the 5% market depth for ETH pairs on American centralized exchanges has dipped to $14 million. Offshore, the situation is nearly the same, with liquidity down 19% to about $10 million.
CCData’s latest monthly exchange review shows that Binance commanded 36.6% of all spot and derivative volume — a 20% drop from the month prior, and the exchange’s worst performance since 2020.
CCData's report on Thursday revealed that Binance's market share for spot and derivatives trading volumes declined in the last month of Q3, dropping to lows not seen since 2020.
Crypto exchange giant Binance's lead over rivals melted to its narrowest in four years as rivals grabbed market share, CCData said in a Thursday report.
The market share of the world's biggest crypto exchange shrunk to 36.6% last month, down from 42.7% at the start of the year, according to researcher CCData.
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