According to Kaiko data, the average transaction volume of Binance’s BTC-USDT trading pair has plummeted by 90%, and last Sunday it hit the lowest Bitcoin transaction volume since July 4, 2022. In addition, the trading volume of the 13 bitcoin spot trading pairs that once accounted for about half of Binance’s trading volume has dropped to about 30%. Binance’s global market share, which once reached more than 70%, has now dropped to about 58%. Foresight News previously reported that Binance will resume handling fees for multiple BTC trading pairs and BUSD pending orders on March 22.