Binance continues to build its market dominance
Quick Take
- Binance’s spot volume market share has grown from 55% in January to 60.7% in November.
- Despite an overall reduction in exchange BTC and ETH holdings, year-to-date, Binance was able to grow both its BTC and ETH holdings by 19.6% and 27% respectively.
- Moreover, Binance was able to more than double its market share for both Bitcoin and Ethereum futures to about 28%.
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Author: Lars Hoffmann
