Binance Extends Market Share for Fourth Consecutive Month

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

.Binance’s spot market share increased from 59.4% in January to 61.8% in February. The exchange continues to tower over competitors in market share, despite facing increased regulatory scrutiny, a report by CryptoCompare shows. LedesmaLyllah reports

“Despite the recent criticism the exchange has received, market participants continue to take shelter on Binance under the premise that the largest exchange is seen as one of the safer trading venues,” said Jacob Joseph, a research analyst at CryptoCompare, in an interview with CoinDesk.

Joseph also attributes the exchange’s dominance to the vast amount of liquidity available on Binance, which means reduced slippage costs and spreads, an attractive benefit for traders. “It is one of the exchanges with the most trading pairs and services available,” Joseph said. Coinbase is second to Binance in volume, trading $39.9 billion , followed by Kraken, which traded $19.3 billion

In February, Binance’s market share across derivative exchanges also grew, climbing to 62.9%, its highest-ever recorded monthly market share, according to the report. Exchanges OKX and Bybit followed with 14% and 13.3% market share, respectively.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

binance LedesmaLyllah Binance really taking over

binance LedesmaLyllah

binance LedesmaLyllah Binance is our cryptocurrency bank 🏦 thx cz_binance binance is a great app 👍 there is no like that 🫵🏻😎

binance LedesmaLyllah Is there a timeframe on when investvoyager customers will see our crypto in binance? cz_binance

binance LedesmaLyllah Abolish the Feds.

binance LedesmaLyllah There is no second best

binance LedesmaLyllah That's way I Love Binance

CryptoTownEU binance LedesmaLyllah Good job

CryptoTownEU binance LedesmaLyllah Wanna experience the real web3 party? Use my referral code hWxDcn9Qqf to join SNW nightclub and get endless SNGold Crypto giveaway NFT Metaverse Nightclub Party

binance LedesmaLyllah Chinese communist party

binance LedesmaLyllah This looks good.

binance LedesmaLyllah Bullish!

binance LedesmaLyllah Good news!

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 291. in RU

Россия Последние новости, Россия Последние новости