Binance’s rehabilitative efforts appear to be slow to take root, with the largest crypto platform’s share of trading volume in the roughly $2 trillion digital-asset market falling in September to the lowest level in four years.

While Binance remains a giant in crypto trading, its volumes dropped over 20% in September versus the previous month, while rival Crypto.com's surged over 40%.

The cryptocurrency market faces significant risks due to overvaluation and the centralization of token ownership, according to a recent report from Binance. The report warns that if these challenges are not addressed,

New data from blockchain tracker CCData show that the market share of the world’s largest crypto exchange slid to its lowest level in four years.

Binance experienced a significant decline in trading activity in September 2024, with derivatives and spot trading volumes reaching their lowest