Kaiko: 📊🚀 Binance market share exceeds 49%

Two months after a fine of $4.3 billion, the Binance exchange regained its position in the market.

After paying a fine of $4.3 billion, the Binance exchange regained its position within two months, reaching 49.44% of the market share, according to a Kaiko report.

Experts note that Binance has previously wisely used zero-commission trading pairs to increase volumes, influencing market share. The launch of the promotion in December 2023 and the excitement around the ETF in January 2024 led to a surge in trading volume, lifting the exchange's market share to almost 50%.

These trends are not new—a DeFiLlama report noted that Binance has seen net capital inflows since November 2023.

However, data from The Block shows that Binance's market share in January 2024 is 38.3%. TokenInsight analytics reports that it reached 33.43%.

Binance agreed to pay a fine of $4.3 billion to settle a dispute with the Department of Justice and the US Commodity Futures Trading Commission. Acting head Changpeng Zhao resigned and was replaced by Richard Teng.

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