Binance Hold Top Spot In Trade Volume
Despite the challenges of 2023, Binance remains the largest cryptocurrency exchange with 43.8% of trade volume, according to Bitining’s chart.
Previously, Binance held 62.3% market dominance, indicating a shift in customer preferences. Other exchanges have a cumulative share of 56.2%, a significant increase from 37.7% at the start of the year.
The majority of market share gains occurred in the second half of 2023, despite regulatory issues and increased FUD for Binance.
(With inputs from Shikha Singh)
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