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Binance.US's Market Share in the US Hits Two-Year Low Amid Legal Troubles

June 15 (Cointime) - Binance.US has experienced a decline in market share in the United States, reaching its lowest point in two years. According to crypto data tracker Kaiko, the exchange's market share in the country is now at 2.7%.

The Securities and Exchange Commission recently filed a lawsuit against Binance and its affiliates for alleged legal violations. The exchange's volume has been decreasing steadily over the past three months, with $17.6 million in March, $15.2 billion in April, and $5.9 billion in May.

Binance.US has also lost market share among all exchanges with USD support, dropping from 16.1% in April to 8.5% in May, and currently sitting at around 5.4%.

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