Richard

Retik Finance

Bitcoin

Read

<ul>
 <li>Binance’s Bitcoin holdings increased by 10% in early 2024, while other exchanges saw an 8% decline.</li>
 <li>Binance leads in liquidity among 43 surveyed exchanges in Q2 2024, according to Kaiko research.</li>
 <li>Binance’s asset diversity and strategic initiatives under CEO Richard Teng bolster its market leadership.</li>
</ul>
<p>Bitcoin holdings have declined by 8% across all exchanges since early 2024. However, Binance’s Bitcoin holdings climbed by 10%.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">'<a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Binance</a> is growing rapidly compared to other exchanges.<br><br>Since early 2024, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> holdings on all exchanges dropped by 8%, while Binance's is up by 10%.<br><br>The question I got the most last year was "Is Binance okay?" Orchestrated FUD can't beat data. Focus on data, not rumors. <a href="https://t.co/0NuMIbv6Wg" rel="noopener noreferrer nofollow">pic.twitter.com/0NuMIbv6Wg</a></p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1810728277016784917?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>&nbsp;This enormous growth demonstrates Binance’s strong market presence. Despite <a href="https://cryptonewsland.com/binance-accused-of-illicit-transactions-by-nigerian-central-bank/" target="_blank" rel="noopener noreferrer nofollow">legal challenges</a>, the exchange has demonstrated resilience by maintaining its position as a liquidity leader.</p>
<p>According to <a href="https://www.kaiko.com/" target="_blank" rel="noopener noreferrer nofollow">Kaiko’s research</a>, Binance continues to be the liquidity leader of the 43 exchanges surveyed in the second quarter of 2024. The factors determining Binance’s leadership include trading volume, volume contribution, and market depth.&nbsp;</p>
<p>The findings highlight Binance’s extensive trading ecosystem, distinguishing it from competitors such as Bybit and Upbit. These exchanges have excellent liquidity ratings as well, but a far lower market quality overall.</p>
<p>Volume, which indicates how much trade an exchange handles, is a crucial factor in liquidity rankings. In Q2 2024, Binance not only dominated in liquidity but also in average trade volume. Upbit followed in trading volume but came 10th overall due to a low business score.</p>
<p><a href="https://www.binance.com/en" target="_blank" rel="noopener noreferrer nofollow">Binance</a> has four times as much trading activity as Upbit because it offers twice as many assets. The diversity of listed assets brings significantly to Binance’s top position in terms of volume and liquidity.</p>
<p>Recent strategies <a href="https://cryptonewsland.com/binance-ceo-richard-teng-challenges-traditional-bankings-crypto-criticism/" target="_blank" rel="noopener noreferrer nofollow">put in place</a> by Binance CEO Richard Teng are responsible for the platform’s diverse asset offering. These tactics bring new products to market, raise the frequency of launchpools, and distinguish between futures and spot listings. As a result, these moves have strengthened Binance’s market leadership, assuring its continuing development and dominance.</p>
<p>The large growth in Bitcoin holdings by Binance, as well as its sustained leadership in liquidity, show the company’s strong market position. The exchange’s strategic goals and broad asset options have been critical to preserving its edge in the marketplace. Despite legal drawbacks, Binance remains an important player in the digital currency industry.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ripple-elevates-leadership-with-key-promotions-xrp-army-bullish/" rel="noopener noreferrer nofollow">Ripple Elevates Leadership with Key Promotions, XRP Army Bullish</a></li>
 <li><a href="https://cryptonewsland.com/binance-positions-teng-for-leadership-in-global-crypto-market/" rel="noopener noreferrer nofollow">Binance Positions Teng for Leadership in Global Crypto Market</a></li>
 <li><a href="https://cryptonewsland.com/pierre-poilievres-conservative-leadership-victory/" rel="noopener noreferrer nofollow">Pierre Poilievre’s Conservative leadership victory</a></li>
 <li><a href="https://cryptonewsland.com/retik-finance-price-crash-blockdag-emerges-as-the-new-cardano-competitor-with-moon-keynote-launch-starknet-crypto-news/" rel="noopener noreferrer nofollow">Retik Finance Price Crash, BlockDAG Emerges as the New Cardano Competitor with Moon Keynote Launch; Starknet Crypto News</a></li>
 <li><a href="https://cryptonewsland.com/binancians-took-out-1-35b-in-bitcoin-in-just-6-days/" rel="noopener noreferrer nofollow">Binancians Took out $1.35B in Bitcoin in just 6 days</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/binance-beats-competitor-exchanges-as-its/" rel="noopener noreferrer nofollow">Binance Beats Competitor Exchanges as its Bitcoin Holdings Surge Despite Market Downturn</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Binance Beats Competitor Exchanges as its Bitcoin Holdings Surge Despite Market Downturn

Crypto News Land

Inne artykuły opublikowane 10 lip 2024

Bitcoin To Hit $200K In 2025: Analysts Say Core Scientific, Iren Energy Will Outperform

Bitcoin Price Prediction: $60K in Sight as BTC Bulls Eye $58.5K Breakout

Breaking: Uniswap Labs Urges SEC to Rethink DeFi Rule Expansion

1000Sats Attracts Community and Investors Using Internet Culture and Humor

BONK Price Is Expected To Hit A 50% Surge: Is It Sustainable?

Saga Crypto Price Prediction - Next Big Web3 Game?

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!