Summary
- Binance is analyzed to be leading the global market with a 36.45% share in Bitcoin spot trading volume.
- This is a higher level than the 30.05% share recorded in January when Bitcoin hit its all-time high.
- Burak Esemeci reported that Binance's high liquidity and user trust are the reasons behind this achievement.
The world's largest exchange, Binance, is leading in Bitcoin (BTC) spot trading volume, living up to its name.
On the 27th (Korean time), Burak Esemeci, a contributor to CryptoQuant, stated, "Last week, Bitcoin reached an all-time high of $111,980," and analyzed, "Currently, Binance holds a 36.45% share of the Bitcoin spot market." This is higher than the 30.05% share seen when Bitcoin hit its previous all-time high in January.
Burak Esemeci explained, "The significant portion of Bitcoin spot trading occurring on Binance demonstrates the platform's high liquidity, trust, and strong user confidence."
Uk Jin
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