Binance’s spot trading market share falls to 40% in 2023. Also, news that Hong Kong is mulling the introduction of spot cryptocurrency ETFs sparked lively reactions from the crypto community in the context of the United States dragging its feet over the issue. Meanwhile, the spot Bitcoin (BTC) exchange-traded fund (ETF) frenzy is driving a resurgence in blockchain games, says Yat Siu.
Binance’s spot trading market share has fallen to 40%. A year ago it stood at 63%, indicating that one of the world’s most popular cryptocurrency exchange platforms has lost about a third of the market in just 12 months. This, according to a Nov. 6 report by blockchain analytics firm 0xScope.