Tokeninsight report: Binance still leads the way, with a market share of 50.6% in Q2 2023

According to the 2023 Q2 quarter cryptocurrency exchange report released by Tokeninsight, Binance’s market share is 50.6%, which remains stable compared with the same period last year and remains the first in the market.

The report further details that in the Q2 quarter of 2023, Binance’s total trading volume reached $4.3 trillion. In the spot market, Binance’s average share is 55.33%. In terms of derivatives trading, Binance’s share is 54%, and its open interest market share reaches 35.69%. These data all highlight Binance’s dominant position in the crypto market, firmly ranking first in the industry.

Binance has demonstrated a strong market position across multiple key data metrics, a trend that deserves continued attention for investors and industry observers.

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