Bitcoin Exchange Binance Becomes the Clear Winner of 2022! Here’s the Data!

The declines that started in 2022 cryptocurrency caused the platform to go bankrupt.

in May Terra (Luna) The bankruptcy adventure that started with the collapse of its network continued with the bankruptcy of crypto money platforms such as Three Arrows Capital and Celsius.

Finally, the cryptocurrency exchange FTX and its sister company Alameda Research.

Although there have been many bankruptcies in the crypto sector, it is the world’s largest cryptocurrency exchange by trade volume. Binance It was undoubtedly the shining star of 2022.

Sharing an analysis of Binance’s year 2022, Arcane Research senior analyst Vetle Lunde said that Binance dominates the crypto market.

Stating that Binance, led by Changpeng Zhao, is the clear winner of 2022, the analyst said, “No matter how you look at it in terms of trading activity, Binance dominates the crypto market.” said.

Binance’s Bitcoin (BTC) Stating that it dominates 92% of the spot volume, the analyst also stated that the stock market dominates 66% of the global perp volume, 61% of the BTC perp/futures volume, and 30% of the BTC perp/futures OI.

Binance in the summer BTC Stating that he exploded after removing the transaction fees in spot pairs, the analyst said:

“Binance is the clear winner of 2022. Bitcoin dominates 92% of spot volume.

After Binance increased trading fees for BTC spot pairs this summer, the exchange has completely outpaced BTC spot volume.

To find a period in which a single stock market was similarly dominated, Mt. We need to go back to the heyday of Gox.”

Arcane Research states that Binance ranks first with all cryptocurrencies dominating 66% of the global permanent swap volume, with Binance at 16%. OKXwith 13% Bybit He said stock markets are following.

According to an Arcane Research analyst, Binance also achieved other successes in 2022 apart from these statistics.

of the stock market stablecoin BUSDincreased its share of the stablecoin market (from 11% to 14%), and cryptocurrency BNBof BTC and Ethereum (ETH) He pointed out that he had left it behind.

No matter how you look at it in terms of trading activity, Binance dominates the crypto market.

92% of spot volume
66% of global perp volume
49% of global perp OI
61% of BTC perp/futures volume
30% of BTC perp/futures OI

Binance is the clear winner of 2022. pic.twitter.com/Ta5cJOfceB

— Vetle Lunde (@VetleLunde) December 30, 2022