The spot trading volume of leading cryptocurrency exchange Binance has plummeted by 48% last month, marking the second consecutive month of declines for the cryptocurrency trading platform. According to CCData’s latest Exchange Review report, Binance’s trading volume dropped to $287 billion last month, recording its second-lowest monthly trading volume since 2021. Its market share has also kept sliding, falling for the second consecutive month to 46.3%, its lowest market share since October 2022 prior to FTX’s collapse.