Binance's market share has decreased by 25% in the last three months due to increased regulatory pressure from US regulators. The company's market share dropped from 57.5% to 43%, with the end of a zero-fee trading promotion and increased regulatory scrutiny in the US being cited as the main reasons.
The decline can also be attributed to the end of the issuance of Binance's stablecoin called BUSD, which accounted for 40% of the company's monthly trading volume. Other exchanges, including Huobi and OKX, have seen their market share increase since March, while Binance is reportedly planning to reduce its workforce.
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