According to numbers provided by CCData, Binance’s market share so far in December was just 30.1% versus 55% at the start of the year. From January to September, the exchange’s monthly spot volumes declined by over 70% from $474 billion to $114 billion. CCData does note that Binance has begun to see a boost in monthly trading volumes since September even as its market share continued to slide.
The company in November and its now former CEO CZ agreed to pay nearly $3 billion to settle a U.S. Commodity Futures Trading Commission lawsuit. This came alongside separate settlements with the U.S. Department of Justice and Treasury Department.