05.04.2023

Kaiko report: the share of Binance in the cryptocurrency market has fallen by 16% since the beginning of the year

Kaiko analysts conducted a study on the current state of the Binance in the cryptocurrency market.

Kaiko analysts conducted a study on the current state of the Binance in the cryptocurrency market. So at the end of last year, the share was 66.7%. She was in the lead for several years, and after the decline of FTX, she went far ahead at all.


However, in March, the crypto exchange refused free transactions in crypto pairs with BTC. This led to the fact that the Binance indicator in the cryptocurrency market fell to 54%. Interestingly, Binance US, operating in the United States, increased this figure by three: up to 24%. The indicator of the Upbit crypto exchange also increased. but Coinbase has fallen.

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