Binance's market share slipped further in June

Binance, the world's largest cryptocurrency exchange by trading volume, continued to lose market share in June as the U.S. Securities and Exchange Commission (SEC) sued the company and its founder Changpeng Zhao. Binance’s spot market share fell to 41.9% in June from 43% a month earlier, according to CCData, the exchange’s fourth consecutive monthly decline and its lowest level since August 2022. However, Binance remains the world's largest cryptocurrency exchange by a wide margin. Seychelles-based OKX ranked second with a 5.44% market share, and U.S. exchange Coinbase (COIN) came in third with a 5.37% market share