Summary
- Binance showcased its dominant position with a 98.53% share in global cryptocurrency exchanges.
- The trading volume share of domestic exchanges was only 1.46%.
- CryptoQuant evaluated that Binance's market leadership is strengthening despite volatility.
Global cryptocurrency exchange Binance is showcasing its dominant position by surpassing a 98% market share in terms of trading volume worldwide.
According to on-chain data analysis platform CryptoQuant on the 17th, Binance's global cryptocurrency trading volume share reached 98.53% as of May. In contrast, the combined trading volume share of domestic exchanges was only 1.46%.
CryptoQuant stated, "The exchange trading volume ratio is a key indicator showing the market leadership of the exchange," and evaluated that "Binance is further strengthening its dominance in the global cryptocurrency ecosystem by expanding its market share even in a volatile market environment."
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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