Small cryptocurrency exchanges rated as having higher levels of risk for customers have been the main winners from Binance’s hefty decline in market share in the five months since US regulators charged it with violating federal laws.
Companies such as Huobi Global and KuCoin, both based in the Seychelles, are among those that have been able to increase their share of the trading of crypto tokens such as bitcoin and ether since the start of this year, according to data from industry research provider CCData.
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