{"id":67765,"date":"2026-01-14T19:31:32","date_gmt":"2026-01-14T19:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=67765"},"modified":"2026-01-14T19:31:32","modified_gmt":"2026-01-14T19:31:32","slug":"binances-hits-4-year-low-where-are-traders-going-instead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=67765","title":{"rendered":"Binance&#8217;s Hits 4-Year Low\u2014Where Are Traders Going Instead?"},"content":{"rendered":"<div>\n<p><strong>Binance\u2019s<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BNB-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BNB\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/bnb\/usd\">BNB<\/a>) spot trading dominance collapsed to 25% in December\u2014its lowest level since January 2021\u2014as offshore rivals <strong>Bybit<\/strong>, <strong>HTX<\/strong>, and <strong>Gate.io<\/strong> absorb volume while on-chain platform <strong>Hyperliquid <\/strong><a class=\"ticker-link\" data-ticker=\"HYPE\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/HYPE-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">HYPE<\/a>) rewrites how traders access leverage.<\/p>\n<h3 class=\"wp-block-heading\">Spot Share Down 58% From 2023 Peak<\/h3>\n<p>Binance <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-14\/binance-s-spot-crypto-trading-market-share-falls-to-lowest-since-early-2021\">handled<\/a> close to 60% of all spot crypto trades at its 2023 peak after the FTX collapse.<\/p>\n<p>That number cratered to 25% in December, down from 28.5% in November, according to CoinDesk Data.<\/p>\n<p>The decline marks the exchange\u2019s weakest spot position in four years and signals a structural shift in where crypto\u2019s $3.2 trillion market actually trades.<\/p>\n<p>Spot trading typically accounts for about a quarter of all crypto transactions. The majority happens in derivatives like perpetual futures\u2014and Binance is bleeding there too.<\/p>\n<h3 class=\"wp-block-heading\">Derivatives Dominance Cut In Half<\/h3>\n<p>Binance\u2019s derivatives market share peaked near 70% and now sits at &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/01\/49918613\/binances-hits-4-year-low-where-are-traders-going-instead?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Binance's\" hits low are traders going instead>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance\u2019s (CRYPTO: BNB) spot trading dominance collapsed to 25% in December\u2014its lowest level since January 2021\u2014as offshore rivals Bybit, HTX, and Gate.io absorb volume while on-chain platform Hyperliquid (CRYPTO: HYPE) rewrites how traders access leverage. Spot Share Down 58% From 2023 Peak Binance handled close to 60% of all spot crypto trades at its 2023 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-67765","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/67765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67765"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/67765\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}