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.

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,

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%.

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