Borrowing Ni Da's data, I prove how right it is for me to hold on to Binance
The total trading volume of the top ten exchanges in the first quarter of 2024 was 17 trillion US dollars, up 72.5% from 9.9 trillion US dollars in the fourth quarter of 2023. Compared with the increase in the fourth quarter of last year relative to the third quarter (54%) and considering the current market situation, the total trading volume of exchanges in the second quarter of 2024 is expected to continue to rise.
Among them, #Binance's total trading volume in the first quarter was 7.8 trillion US dollars, and its market share increased by 0.05% compared with the fourth quarter of 2023, still leading with a share close to half of the entire market.
According to statistics, Binance's monthly trading volume alone reached 4 trillion in March, and the overall monthly trading volume of the market was 8.65 trillion US dollars, far exceeding the monthly average level of the past year, the highest in the past two years.
At the end of the first quarter of 2024, Binance ranked first with a 54% spot trading share. On February 5, 2024, Binance set a record for the highest share of spot trading volume in CEX, reaching 56.8%
At the same time, due to market sentiment, the platform coins of various exchanges also performed well, among which $GT achieved a growth of 108%, $BNB achieved a growth of 96%, and $BGB achieved a growth of 81%
