Binance is losing its share of the crypto perpetual futures market as exits from key markets affect trading volumes.

The lower volumes also come as Binance is under investigation by the US futures market regulator, the Commodity Futures Trading Commission.

Lawsuits See Binance Losing Share to Asian Exchanges

While the exchange started the year accounting for 66% of perpetual futures trading volumes, June data revealed that number had fallen by about 10% to 56.7%. Recently, Binance delisted a perpetual futures contract related to the failed LUNC cryptocurrency.

The exchange has also seen declines in spot volume since the CFTC and, later, the Securities and Exchange Commission sued it.

Recent exits from wealthy jurisdictions like France, the Netherlands, and Canada and the rescission of a zero-fee promotion may have also contributed to

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Author: David Thomas

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