The decline in income on Binance can be caused by various factors:
1. Decrease in market volatility — when the cryptocurrency market is calm, the number of transactions decreases, reducing potential profits.
2. Decline in cryptocurrency prices — when the value of assets decreases, the overall value of the portfolio falls.
3. Regulatory pressure — restrictions from the USA, EU, or other countries can complicate the use of certain features (futures, staking).
4. Decrease in APR/APY in staking/farming — rewards decrease if tokenomics change or interest in pools declines.
5. Increased competition — other platforms (Bybit, OKX, Bitget) entice users with favorable conditions.
6. Technical updates or failures — temporary unavailability of services can reduce income.
7. FUD and panic — users sell assets or switch to stablecoins, reducing activity on the platform.
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