Tokeninsight Annual Report: Binance Leads with Absolute Advantage in Multiple Data Points, Exceeding Market Expectations

ChainCatcher news, Tokeninsight released the "Crypto Exchange Annual Report 2023," which shows that Binance ranks first in market share, spot and derivatives trading volume. By the end of the year, Binance's market share was 48.7%, with spot and derivatives trading volumes at 53.7%, leading global crypto trading platforms. After experiencing significant regulatory events, Binance's performance exceeded market expectations.

From the trends, it can be seen that after settling with multiple U.S. regulatory agencies, Binance remains firmly at the top of the industry, with a share leading the second place by 32.6%. These events did not have a huge impact on the market landscape like the FTX collapse in 2022, and traders still tend to choose safer centralized exchanges.