Forex and Crypto News

Binance increased its share to 52% in the market

10:44 07 March /2019

A new study, made by Diar says that the cryptocurrency exchange Binance saves the status of a leading trading platform. On the Binance platform, the volume of transactions amounted to 52% of all transactions made with digital currencies.

According to analysts, the site is expanding its influence due to reducing of the trading volumes on other crypto exchanges. On Binance the volume of transactions with tokens also decreased, but still remains the largest.

Last year, Binance increased its market share to 53%, but this year the volume of transactions is still 52%, which still exceeds half of all operations with the digital assets.

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The graph shows that on leading platforms the trading volumes decreased from the second half of 2018, while the user activity only increased on the Binance exchange.

However, compared with December 2017 - January 2018, the scale of trading was still significantly reduced on the Binance platform.

According to experts, Binance crypto exchange is strengthening its position in the market not only by constantly improving the performance of the trading system, but also thanks to the recent launch of its own blockchain and decentralized platform Binance DEX.

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