Binance Leads Market Share by Web Traffic, but Developments Fail to Charm BNB

The world’s leading cryptocurrency exchange, Binance has been on a development spree since the beginning of this year and has continued to push for global dominance. More recently, Binance announced the launch of Bitcoin Options trading further strengthening its hold in the derivatives market. Further, the crypto platform’s Indian expansion also catapulted its dominance in Asia. Spot volume figures surpassed that of derivatives in March. And the winner among the top-tier exchanges was Binance trading $63.6 billion a surge of 19.2% in March. However, it was the CoinMarketCap acquisition that shook the crypto world. US-based CMC is one of the oldest and popular crypto data site and it’s not surprising that the acquisition news left the community speculating the consequence of the deal. This not only led to massive discussions and debate but also resulted in Binance receiving the most web traffic amongst all exchanges in Q1 this year. Read More...

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