Binance Dominance in Global Crypto Trading
Binance continues to solidify its position as the top global crypto exchange, as recent data highlights its growing dominance across key markets.
South Korea Market
- Data from CryptoQuant shows that Binance commands a staggering 96.91% of crypto trading activity in South Korea.
- Local exchanges like Upbit and Bithumb collectively account for only 3.09% of the market in South Korea.
Global Scale Influence
- Data from Kaiko shows that nearly half of all Bitcoin transactions worldwide occur on Binance.
- This cements Binance’s position as the go-to platform for crypto enthusiasts globally.
Security and Compliance
- Binance’s success can be attributed to its advanced offerings and seamless user experience.
- A 2024 report highlighted that Binance’s security systems protected nearly 2.8 million users from potential losses of $4.2 billion.
- Binance leads the industry in regulatory compliance, with licenses in 21 regions, including major markets like India, Japan, Brazil, and Argentina.
