Summary
- It was analyzed that Binance's spot trading volume is higher than the combined trading volume of other centralized exchanges.
- Joao Wedson, CEO of Alfractal, said that the likelihood of Bitcoin (BTC) rising has increased.
- He said that whale investors and market makers are showing strong interest in spot trading.
An analysis found that the spot trading volume of the global crypto asset (cryptocurrency) exchange Binance is higher than the combined trading volume of the remaining centralized exchanges (CEX).
On the 16th (local time), Joao Wedson, CEO of Alfractal, said on X (formerly Twitter), "Binance's spot trading volume is higher than the combined volume of all other exchanges."
He added, "The likelihood of Bitcoin (BTC) rising has also increased," saying, "because it is a sign that whale investors and market makers are showing strong interest in spot trading."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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