According to Arcane Research, the digital currency exchange Binance has seen an increase in its market dominance during 2022. According to this report, until December 28 (January 7) of last year, Binance had 92% of the spot market trading volume and 61% of the bitcoin derivatives market trading volume.
This means that Binance’s dominance of the Bitcoin spot market has more than doubled from 45% at the beginning of 2022, and its share of the Bitcoin derivatives market has also increased by almost a third.
Arcane Research: Binance Owns 92% of Bitcoin Spot Market
