Cryptocurrency Q&A
What percentage of crypto trades take place on Binance?
What percentage of crypto trades take place on Binance?
emma_lewis_pilot
Wed Jul 17 2024
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6 answers
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As a cryptocurrency enthusiast and finance professional, I'm curious to know the significance of Binance in the global crypto trading landscape. Could you please elaborate on the percentage of crypto trades that occur specifically on the Binance platform? Given its reputation as one of the leading cryptocurrency exchanges, I assume it holds a significant share of the market, but I'm interested in understanding the exact figure and how it compares to other major exchanges. This information would help me gauge the platform's influence and popularity among traders worldwide.
6 answers
OpalSolitude
Fri Jul 19 2024
Binance's success is attributed to its robust technology, comprehensive services, and global reach.
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Giulia
Fri Jul 19 2024
Binance, a cryptocurrency exchange giant, commands a significant share of the crypto trading market.
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GyeongjuGrace
Fri Jul 19 2024
According to CCData, a leading data analysis firm, approximately two-thirds of all crypto trades occur on Binance's platform.
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lucas_jackson_pilot
Fri Jul 19 2024
Changpeng Zhao, the founder of Binance, established the exchange in 2017, and since then, it has grown to become the world's largest crypto exchange.
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CryptoVanguard
Thu Jul 18 2024
Alongside its spot trading services, Binance also offers futures trading, margin trading, and a variety of other advanced trading options.
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