Binance, a leading cryptocurrency exchange by volume, has experienced a notable reduction in market share. According to CCData, Binance's trading volume dropped to 36.6% in September, which is the lowest that the exchange has seen in the last four years.

This decline marks a significant decrease from the 42.7% recorded at the beginning of 2023, reflecting challenges Binance faces in maintaining its dominance in the $2 trillion digital asset market.

The company's diminishing trading volume signals potential competitive pressures and evolving market conditions influencing exchange dynamics globally.