#BinanceLeadsQ1
Here’s the latest update on **Binance leading in Q1 2024** based on recent data and trends:
### **Key Highlights:**
1. **Market Dominance**
- Binance remains the **#1 crypto exchange by trading volume**, capturing ~49.7% of total spot trading volume in Q1 2024.
- Derivatives trading also surged, with Binance holding ~53% of the market share.
2. **Institutional & Retail Growth**
- Increased institutional inflows due to Bitcoin ETF approvals.
- Retail activity rose with **BTC & altcoin rallies** (e.g., SOL, BNB, meme coins).
3. **Regulatory & Legal Updates**
- Binance resolved its **$4.3B settlement with U.S. regulators** (DOJ, CFTC).
- New compliance measures in place, including **mandatory KYC** and monitoring.
4. **BNB Performance**
- **BNB price surged ~90% in Q1**, reaching **$630+** (ATH: ~$720).
- Increased utility with **BNB Chain adoption** (DeFi, NFTs).