๐ฅ Binance is dominating the crypto market like never before!
๐ Binance's spot volume is once again surpassing ALL other exchanges combined and is 8x larger than Coinbase's! Even with the total spot volume declining, Binance's dominance remains evident.
๐ก In Jan/24, when Binance's volume surpassed all other exchanges, BTC jumped from $42K to $73K in the following weeks. Now, the Binance vs. Other Exchanges BTC Spot Volume Delta indicator is positive again! This could be a bullish signal for the coming months, even as the aggregated spot volume declines.
๐ Fun fact: At the beginning of 2024, Binance's volume was 19x greater than Coinbaseโs, the largest exchange in the U.S. Today, it's still 8x larger, showcasing Binanceโs global dominance!
