Cryptocurrency Q&A
Is Binance still the biggest Bitcoin exchange?
Is Binance still the biggest Bitcoin exchange?
IncheonBeautyBloomingRadianceGlow
Tue Jul 16 2024
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6 answers
1709
With the rapidly evolving landscape of cryptocurrency exchanges, one question that frequently arises is whether Binance still holds the mantle of being the biggest Bitcoin exchange. Given the fierce competition and constant influx of new platforms, is Binance still able to maintain its dominant position? Or has another exchange emerged, offering superior services and liquidity to capture a larger share of the market? This query aims to gauge the current standing of Binance in the bitcoin exchange ecosystem and understand whether its leadership remains unchallenged.
6 answers
Valentino
Thu Jul 18 2024
Binance stands as the foremost bitcoin futures exchange, commanding a significant share of the market.
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Margherita
Thu Jul 18 2024
According to Skew's latest data, Binance contributes $3.17 billion in open interest, a testament to its significant position.
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Maria
Thu Jul 18 2024
The second-largest player, FTX, lags behind with approximately $2.02 billion in open interest.
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Ilaria
Thu Jul 18 2024
Despite FTX's substantial market share, Binance's dominance remains unchallenged for the time being.
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DigitalDynastyQueen
Wed Jul 17 2024
Chinese traders, however, seem to have a different focus. Their attention is drawn towards the prospects of Huobi and OKEx.
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