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<div class="coinjournal">
 <ul>
  <li dir="ltr">Binance saw its market dominance slip 5% in 2023 followning the impact of regulatory issues, including ex-CEO Changpeng Zhao’s resignation.</li>
  <li dir="ltr">A TokenInsight report however shows the exchange remains top by market share.</li>
  <li dir="ltr">Meme Moguls, on the other hand, is a new meme-backed trading platform seeing huge interest from crypto enthusiasts during its presale.&nbsp;</li>
 </ul>
 <p dir="ltr">Binance remains the largest crypto exchange by market share, despite facing a 5% dip amid regulatory issues. A new TokenInsight report also highlights that the exchange’s market share rose steadily after dipping to around 32% in November.</p>
 <p dir="ltr">Meanwhile, Meme Moguls (MGLS), a new <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> bidding for dominance as the world’s first meme-based trading platform, continues to strengthen its future outlook amid huge interest in its presale.</p>
 <h2 dir="ltr" id="report-shows-binance-market-share-dropped-5-in-2023">Report shows Binance market share dropped 5% in 2023</h2>
 <p dir="ltr">Binance’s place as the world’s largest crypto trading exchange by market share came under threat amid last year’s regulatory issues.</p>
 <p dir="ltr">The lawsuit by the US Securities and Exchange Commission (SEC), the $4.3 billion settlement with the DOJ and CFTC among other government agencies and former CEO Changpeng Zhao’s resignation and court issues are key highlights of periods when <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>’s <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> <a rel="noopener noreferrer nofollow" title="share" href="https://thebittimes.com/tag/share.html">share</a> fell considerably.</p>
 <p dir="ltr">Binance is also among nine exchanges to see Apple and Google Play pull their crypto trading apps from their stores in India.&nbsp;</p>
 <p dir="ltr">But as a new <u>report</u> by crypto rating and research platform TokenInsight shows, the exchange only saw a slight decline in overall market share. Binance remains the top crypto exchange in this, with a market share of 48.7% as of the end of 2023. It shows a decline of about 5% from last January’s peak levels of 54.2%, TokenInsight noted.</p>
 <p dir="ltr">Per the report, user confidence in <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> has been helped by the fact that despite the hefty settlement, regulators didn’t not find <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> to have used or put its customers’ assets at risk.&nbsp;</p>
 <h2 dir="ltr" id="meme-moguls-bids-for-top-meme-backed-exchange">Meme Moguls bids for top meme-backed exchange</h2>
 <p dir="ltr">Solana’s Bonk racing into top three meme coins by market cap, highlighted a resurgence that market experts say could see this segment become a key part of the crypto investing market.</p>
 <p dir="ltr">Meme Moguls ($MGLS), a project currently in presale, seeks to transform this space.</p>
 <p dir="ltr">When it launches, meme coin traders will get a platform from which they can earn as they display their trading prowess. &nbsp;Anyone on Meme Moguls can trade meme-inspired assets, tapping into the viral nature of tokens to climb the leaderboard and claim exclusive rewards.</p>
 <h2 dir="ltr" id="is-meme-moguls-presale-worth-investing-in">Is Meme Moguls presale worth investing in?</h2>
 <p dir="ltr">Apart from the innovative play-to-earn platform, holders of the native $MGLS token will have a chance to earn via staking, liquidity provision and minting and trading of NFTs.</p>
 <p dir="ltr">Ahead of its launch, Meme Moguls’ token MGLS is available to the public via the aforementioned presale. The token ICO is currently in stage 4 where each $MGLS token sells at $0.0027. With the total crypto meme coin <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap at $21 billion and broader <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> at $1.76 trillion, projects of the latter rocketing higher suggests meme coins could follow suit.</p>
 <p dir="ltr">The outlook means a likely grip on the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> for Meme Moguls, potentially making its native $MGLS one of the best altcoins to buy today.</p>
 <p dir="ltr">Learn more by visiting the project’s website.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-remains-top-exchange-despite-5-market-share-dip-implications-for-meme-moguls-tbt76878.html">https://thebittimes.com/binance-remains-top-exchange-despite-5-market-share-dip-implications-for-meme-moguls-tbt76878.html</a></p>

Binance remains top exchange despite 5% market share dip: Implications for Meme Moguls?

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