CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits

Source: CCDataCCData reveals that of all the significant companies to suffer a decrease in trading volumes, Binance was struck the hardest.In May, Binance offered up even more of its total market share, falling to just 43% total, down from its peak of 57% in February. The report stated this bulk of this decline can be associated to Binance getting rid of zero-fee trading for USDT pairs however noted the exchange was no doubt feeling the capture of increased scrutiny from regulators in the U.S. Top central exchange market share change March thru May. Source: CCData.The biggest recipients of Binances market share slide were crypto exchanges Bullish, Bybit and BitMEX, which each got a little bit more than 1% in market share between March and May.On June 5, the SEC took legal action against Binance and its CEO, Changpeng Zhao, for failing to register as a securities exchange and for providing unregistered securities.