- Binance has lost 20% of its market share since reserving its zero-fee trading promotion for BTC/TUSD.
- The lost market share has not gone to leading U.S.-based competitors as some would expect.
- A researcher has said the SEC is to blame for consumers ignoring U.S.-based crypto trading venues.
One such strategy was its zero-fee trading campaign for Bitcoin pairs, which launched in July 2022 despite a bear market that saw its competitors drop trading volume and revenue. However, Binance decided to roll back this campaign on March 22. It may have...