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Volumes have increased recently, with Tether Gold commanding the majority of volumes, bucking the previous dominance of Pax Gold. Tether Gold jumped from just a 1% market share of volumes to 85% of volumes last week in what looks to be methodical transactions.
Over the past two weeks, Binance has lost 16% market share of trade volume following a CFTC lawsuit and the decision to end its zero-fee trading program.