Cryptocurrency

Spot

Coin

<ul class="news-points"> 
 <li>Binance maintains dominance in trade volume market share among crypto exchanges despite a drop in 2023.</li> 
 <li>The crypto exchange has a 43.8% share of trade volume against a cumulative 56.2% held by other exchanges.&nbsp;</li> 
 <li>Regulatory woes in 2023 saw Binance lose over 20% of its market share.</li> 
</ul> 
<a href="https://coinedition.com/tag/binance-news/">Cryptocurrency trading platform Binance</a> remains the cryptocurrency exchange with the largest trading volume despite the tumultuous events that marked its 2023.&nbsp; 
According to a chart <a href="https://x.com/bitinning/status/1742078271787765838?s=20" target="_blank" rel="nofollow">posted</a> by the crypto educational platform Bitining, Binance currently has 43.8% of crypto exchanges’ trade volume. At the start of 2023, the crypto exchange had 62.3% dominance over the market, indicating a shift in customer preferences.&nbsp;&nbsp; 
Conversely, other crypto exchanges have a cumulative share of 56.2%. The figure is a significant increase from the 37.7% recorded at the start of the year. Per the aforementioned chart, the bulk of the market share gain came in the second half of 2023, during a period marked by <a href="https://coinedition.com/binance-releases-2023-review-reflects-on-headwinds-and-wins/">regulatory woes and increased FUD for Binance</a>.&nbsp; 
Last year, Binance, its U.S. subsidiary, and former CEO Changpeng Zhao became subjects of increased regulatory scrutiny. Given that the sca…
The post <a href="https://coinedition.com/binance-maintains-top-spot-in-trade-volume-despite-2023-troubles/">Binance Maintains Top Spot in Trade Volume Despite 2023 Troubles</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance Maintains Top Spot in Trade Volume Despite 2023 Troubles

Coin Edition

Altri articoli pubblicati su 2 gen 2024

Jim Cramer Calls Bitcoin “Technological Marvel,” Says Its “Here To Stay”

How ETF proposals, Ordinals can fuel Bitcoin to $100,000 in 2024

Orbit Chain comments on recent $81m exploit

$45k Shattered! Bitcoin Breaks Key Level, Eyes $50k in January

Preparing for the Upcoming Crypto Surge: Three Coins Poised for Substantial Expansion in 2024

Expert predicts spot Bitcoin ETFs will not get approved this week

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!