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BusinessBusiness How Binance dominated over all other centralized exchanges 2023 report. How Binance dominated over all other centralized exchanges 2023 report. By Amit Aggarwal 05-01-2023 Howtrending.com By Amit Aggarwal 05-01-2023 Howtrending.com
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As per the report of CryptoCompare.com, the cryptocurrency exchange Binance took a dominant percentage of market shareAs per the report of CryptoCompare.com, the cryptocurrency exchange Binance took a dominant percentage of market share
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among the top centralized exchanges in terms of volume. This report includes 11 exchanges,among the top centralized exchanges in terms of volume. This report includes 11 exchanges,
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The report says that from the 1st quarter of 2022 to the 4th quarter o 2022 Binance increased from 48.7% to 66.7% by volume in all trading exchanges of the year 2022.The report says that from the 1st quarter of 2022 to the 4th quarter o 2022 Binance increased from 48.7% to 66.7% by volume in all trading exchanges of the year 2022.
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Also, the last year's report says the Trading volumes on centralized exchanges declined 46.2%Also, the last year's report says the Trading volumes on centralized exchanges declined 46.2%
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Along with Binance Bybit also showed an increase in market share percentage in almost every quarter of the year 2022.Along with Binance Bybit also showed an increase in market share percentage in almost every quarter of the year 2022.