Binance continues to grow its market share for the fourth consecutive month, setting a new record

According to a report by CryptoCompare, despite facing increasing regulatory scrutiny, Binance has maintained its dominance in the spot market share for the fourth consecutive month. Binance's market share increased from 59.4% in January to 61.8% in February. Binance's spot trading volume increased by 13.7% to $504 billion, setting a record high market share for the exchange.

Additionally, Binance’s market share on the derivatives exchange also grew in February, climbing to 62.9%, setting its highest ever monthly market share record. (CoinDesk)