New data from blockchain tracker CCData show that the market share of the world’s largest crypto exchange slid to its lowest level in four years.

Binance’s rehabilitative efforts appear to be slow to take root, with the largest crypto platform’s share of trading volume in the roughly $2 trillion digital-asset market falling in September to the lowest level in four years.

Binance's combined market share in spot and derivatives volume dropped to its lowest level since September 2020, according to

Overall, Binance's combined market share dropped to 36.6%, the lowest since September 2020, although it remains the leader in global spot trading volume among centralized exchanges.

Binance's market share falls to a four-year low amid legal battles and market challenges, yet the exchange hits $100 trillion in lifetime trading volume.

In the derivatives market, Binance’s trading volume also dropped 21% to $1.25 trillion, hitting its lowest levels since October 2023. Binance now holds a 40.7% share of the derivatives market, the lowest it has been since September 2020. Overall, Binance’s combined market share in both spot and derivatives has fallen to 36.6%.

In September 2024, Binance saw a significant drop in trading volume. In a report by CCData, the platform has reported the least trading volumes in both the derivatives and the spot since December 2023.