Binance dominates 47% of the cryptocurrency market.

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Over the last six months, Binance, the largest cryptocurrency exchange in the world by volume, has increased its market domination.

According to Jonathan Merry, CEO of CryptoMonday, “Binance’s rise at a time when the cryptocurrency market is contracting is a testament to the confidence it inspires in its consumers.”

It controlled 39% of the overall crypto CEX trading volume in January. By June, that percentage had risen to 47%.

He insists: “Low fees, a broad selection of altcoins, and robust security measures are among of the reasons Binance is so popular. Additionally, it’s one of the few exchanges that supports P2P trading, which makes it the preferred exchange for many cryptocurrency traders.

Focusing on the user experience has been the secret to Binance’s success. Both new and seasoned traders will find Binance’s interface to be straightforward and user-friendly. Additionally, Binance is renowned for its strong security and quick transaction times.

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