Since the collapse of FTX, once the second-largest exchange by trading volume, the crypto landscape has fundamentally changed, and it should come as no surprise to many that Binance has emerged as the big winner from the situation. Vetle Lunde, senior analyst at Arcane Research has published a detailed analysis of this.

“No matter how you look at it in terms of trading activity, Binance dominates the crypto market,” the analyst says, further stating that the exchange led by Changpeng Zhao is the clear winner of 2022.

As the Arcane Research analyst notes, Binance captures 92% of the Bitcoin spot volume. Remarkably, the exchange occupied only 42% of BTC spot volume in January 2022. After the exchange removed trading fees on its BTC spot pairs this summer, the growth exploded.

(By Jake Simmons)