CoinVoice recently learned that Tokeninsight released the "Crypto Exchange 2023 Annual Report", which shows that Binance ranks first in market share, spot and derivatives trading share, etc. By the end of the year, Binance's market share was 48.7%, and its spot and derivatives trading share was 53.7%, leading the global crypto trading platform. After experiencing major regulatory events, Binance's performance exceeded market expectations.
From the trend, we can see that after settling with multiple US regulators, Binance still maintains its leading position in the industry, with a share leading the second place by 32.6%. These events did not have a huge impact on the market structure like the FTX collapse in 2022, and traders still tend to choose safer centralized exchanges. [Original link]
