Binance's Market Share Falled Below 50% for the First Time Since August of 2018

In April the Australian financial regulator canceled the local financial services license for Binance Australia's derivatives partner amid claims that the exchange had allowed retail customers to access leverage and derivatives products in violation of local regulations. The exchange remains operational in Australia for spot trading only. On top of that last Friday B finance announced it would no longer be operating in Canada citing unsuitable regulatory conditions. Recently implemented regulatory changes in Canada limited retail crypto purchases to $30,000 annually with exceptions for major commodity tokens like Bitcoin and Ethereum. Fourth coming changes would prohibit the offering of leverage and derivatives trading alongside requiring approval to sell particular stablecoins.