<ul><li>Binance's dominance in the crypto market is being challenged as its spot trading volume dropped from nearly 80% to around 40% by spring 2024.</li><li>Factors such as regulatory crackdowns and rising distrust led traders to explore other platforms, including decentralized exchanges and newer centralized challengers.</li><li>However, as Bitcoin surged in 2025, Binance began to reclaim its volume share, with traders returning for its deep order books and fast execution during market volatility.</li><li>The situation reflects a broader debate on centralized power versus decentralized ideals in the crypto space, with Binance evolving and maintaining its position as a significant player.</li></ul>

Is Binance Losing Dominance or Leading a Quiet Comeback?

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