It has been a wild ride for the world’s largest cryptocurrency exchange – Binance, this year. As US watchdogs pursue it for alleged violation of federal laws, the platform appears to be losing its market share at a rapid pace. Blockchain analytical firm Kaiko reported that Binance’s spot market share has dropped to 50% from 64% earlier this year. That’s a 22% decline in the last seven months. Besides the CZ-led exchange, Kaiko’s data suggest that Coinbase also met a similar fate after plunging from 8% to 5.5% during the same period.