CCData data shows that Binance’s share of the market has fallen to its lowest level for eight months.

The exchange, which is the largest cryptocurrency trading platform in terms of volume, has seen its share of the market decline over the last three months. It had reached a high of 57% yearly back in February 2023.

Binance’s trading volume fell almost 50 percent in April. The exchange traded $287 Billion in April.

The exchange is under scrutiny by U.S. regulators, and has closed its operations in Canada because of regulatory concerns. reports have claimed that Binance has terminated up to 20% of its employees.

Binance Australia, the exchange’s Australian branch, also had problems earlier in this week. BTC was trading at a 20% reduction after it stopped Australian dollar bank transfer.