币界网报道：Binance has seen a significant decline in altcoin liquidity and trading volume, according to recent data from Kaiko. The exchange's market depth for altcoins dropped by 25% in September, hitting its lowest level since 2022. Binance's share of global crypto trading volume also fell below 35% for the first time in years, down from over 60% earlier this year. The liquidity crunch follows Binance's decision to remove several trading pairs and discontinue zero-fee Bitcoin trading promotions. Kaiko analysts note that while Binance remains the largest exchange by volume, competitors like OKX and Bybit are gaining market share. The report suggests regulatory pressures and changing market conditions may be contributing factors, as traders appear to be diversifying across multiple platforms rather than concentrating activity on Binance.