Binance’s share of the spot market has been growing since the end of 2022. More than 70% of bitcoin transactions are handled by this particular trading floor.
A report by CryptoCompare said that Binance’s share had risen from 59.4% to 61.8% by the end of February over the past four months.
The volume of spot trades on this platform increased by almost 14% to $504 billion, a record for the exchange.