.Binance’s spot market share increased from 59.4% in January to 61.8% in February. The exchange continues to tower over competitors in market share, despite facing increased regulatory scrutiny, a report by CryptoCompare shows. LedesmaLyllah reports
The exchange continues to dominate, despite facing increased regulatory scrutiny, a report by CryptoCompare shows.
is a corporate entity that operates in US through Binance.US.“Despite the recent criticism the exchange has received, market participants continue to take shelter on Binance under the premise that the largest exchange is seen as one of the safer trading venues,” said Jacob Joseph, a research analyst at CryptoCompare, in an interview with CoinDesk.
Joseph also attributes the exchange’s dominance to the vast amount of liquidity available on Binance, which means reduced slippage costs and spreads, an attractive benefit for traders. “It is one of the exchanges with the most trading pairs and services available,” Joseph said.
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Powell signals increased rate hikes if economy stays strong
WASHINGTON (AP) — The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a Senate panel Tuesday. Read more >>
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