Data: Binance's Bitcoin spot trading market share reaches 92%, with an overall cryptocurrency market share of 66.7%

ChainCatcher news, Arcane Research data shows that Binance's market share of Bitcoin spot trading volume rose to 92% by the end of 2022, up from just 45% at the beginning of 2022, and then quickly increased after the cancellation of trading fees in June and the FTX collapse in November. Additionally, a report from CryptoCompare indicates that Binance's overall cryptocurrency market share was 66.7% at the end of 2022. Coinbase ranked second with a relatively small 8.2%. (source link)