With the demise of its biggest rival, FTX, it is no surprise that the market dominance held by Binance has increased. However, there are many discrepancies in the volume figures.
FTX International was the second-largest centralized exchange by volume before its collapse. Binance has been the undisputed trade volume champion for some time. However, that dominance has increased with the demise of its largest rival.
According to figures from The Block, Binance now has more than three-quarters of all CEX trade volume. A Nov. 29 chart citing data from CryptoCompare revealed that the total volume for the month was $642.7 billion.
According to the outlet, Binance’s share of this was $481.7 billion in November. This works out to be 77% of the total.
Source: https://beincrypto.com/return-cex-binance-trade-volume-market-share-surges/