Data: Binance's dominance in spot trading volume has surged to 71%

ChainCatcher message, according to data from The Block Research, after a trading volume of over $51.3 billion in the past 24 hours, Binance currently holds 71% of the crypto spot market, up from over 55% in the spot crypto market on October 24.

Following closely is competitor Coinbase with a 9% market share and a 24-hour trading volume of over $6.3 billion. FTX has suspended withdrawals and signed a letter of intent to sell its non-U.S. assets to Binance, holding a market share of 6% with a trading volume of less than $4.5 billion.