Binance Recorded Highest Spot Volume Market Share in February

Binance recorded the highest spot trading volume market share among centralized exchanges in February, once reaching 56.8% on February 5th. Its spot volume in February recorded over $472 billion, a nearly 10% increase compared to January.

Binance is the market leader amongst the centralized exchanges. The exchange experienced a slow decline in market share throughout 2023. Over this period, its market share decreased from 54.2% to 48.7%.