#binance Binance is indeed a leading cryptocurrency exchange, often ranked as one of the top exchanges globally. According to CoinMarketCap, Binance ranks number one in terms of trading volume, with a staggering $7.5 billion in 24-hour trading volume. Its market share has fluctuated over time, but it has maintained a significant presence in the crypto trading space, with a market share of over 40% for most of 2024.

*Key Statistics:*

- *Trading Volume*: $7,511,668,853 in 24 hours

- *Market Share*: Over 40% in 2024

- *User Base*: 29.5 million users in 2023

- *Trading Pairs*: Over 1,900 markets and 480 coins

Binance's dominance in the market is evident, but it's worth noting that other exchanges, such as Upbit, Bybit, and OKX, are also major players in the industry ¹ ².$BTC $ETH $XRP