$BNB WHY I Choosing Binance :
Binance remains the top crypto exchange in terms of market share, even with its reduced trading activity in April.
After a wild legal ride in 2022 that ended with the former Binance CEO Changpeng Zhao receiving a four-month prison sentence and a $4.3-billion fine for the exchange, Binance managed to recover its market share, which climbed for five consecutive months between October 2023 and March 2024 to more than 40%.
Data from CCData shows that Binance continues to account for the larger part of the spot volume across centralized exchanges despite its share decreasing by 3.69% in April to 33.8%.
Monthly AA-A Spot Exchanges Volumes. Source: CCData
Binance’s dominance is corroborated by data from CoinMarketCap, which shows that the total 24-hour trading volume on all crypto exchanges at $63.63 billion, with Binance accounting for $15.86 billion (24.9%) of this on May 10. Coinbase comes in second place, contributing only $3.35 billion, and OKX is in third place with $2.29 billion.