#BinanceLeadsQ1 **#BinanceLeadsQ1: Exchange Dominance Despite Regulatory Storm**

Binance cemented its top spot in Q1 2024, handling **$2.9T in spot volume** (53% market share) despite its $4.3B DOJ settlement and CZ’s legal woes. Key takeaways:

1. **Resilient Liquidity** – Even with USDT pairs dominating (82%), Binance retained traders through deep order books and low fees.

2. **Altcoin King** – SOL, ADA, and meme coins drove 68% of volume as BTC dominance dipped.

3. **Institutional Shift** – While OKX and Bybit gained derivatives share, Binance’s **OTC desk saw record whale activity**, suggesting big players still trust its infrastructure.

**Why It Matters**: Binance’s Q1 proves crypto markets prioritize liquidity over compliance—for now. But with the SEC case looming and rivals closing in, its **2024 dominance isn’t guaranteed**.

*Prediction*: Binance holds >45% share through 2024, but the real battle is for the **next 500M users** entering via ETFs and tokenization.