Happycoin.club - According to the DefiLlama portal, in November, the cryptocurrency exchange Binance raised 40% more funds than its ten closest competitors among other centralized platforms combined.
What accounts for the exchange's leading position among its competitors? Recall that this year Binance was able to benefit from the approval of spot Bitcoin exchange-traded funds (ETFs) in the USA. As a result, institutional and corporate investments in Binance increased by 40%.
It should be noted that the exchange is looking for new sources of income in the market. For example, it actively utilizes the excitement and hype around meme coins. The platform is increasingly adding popular meme coins to its listing, thereby attracting more and more new users.
In particular, Binance noted that as of November, more than 80% of the meme coins listed on the cryptocurrency exchange platform showed significant growth after listing.
At the same time, Binance continues to be the leader in Bitcoin inflow compared to other cryptocurrency exchanges. And, most likely, it will maintain its dominance next year as well.
Despite the fact that the exchange has problems in some countries, for example, in India, where the company was accused of tax evasion, and in Cambodia, where it was completely banned, this does not prevent it from remaining the most sought-after platform in the global digital currency industry.