After the FTX crash, Binance has further strengthened its position in the cryptocurrency market. It accounts for up to 75 percent of spot digital currency transactions, according to The Block.
Binance leads the ranking of exchanges by trading volume. Its closest competitor is Coinbase.
According to CryptoCompare, digital currency transactions totaled $642.7 billion in November. Binance users realized $481.7 billion in transactions.