Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-achieves-record-bitcoin-customer-balance-market-share/" data-wpel-link="internal">Binance Achieves Record Bitcoin Customer Balance Market Share</a> 
<a href="https://en.coin-turk.com/binance-announces-delisting-of-two-trading-pairs/" data-wpel-link="internal">Binance</a>, one of the world’s largest <a href="https://en.coin-turk.com/us-state-attorneys-challenge-secs-authority-in-kraken-crypto-case/" data-wpel-link="internal">cryptocurrency exchanges</a> by transaction volume, has reached an all-time high in its market share of Bitcoin (BTC) customer balances. Currently, Binance holds 40% of the total BTC reserves among exchanges that offer a provable reserve (Proof of Reserves – PoR) service. This reserve ratio has steadily increased over the years. 
<h2 style="text-align: justify" id="strong-continuous-increase-in-binance-s-market-share-strong">Continuous Increase in Binance’s Market Share</h2> 
Binance is solidifying its industry leadership with significant Bitcoin reserves. Despite facing fear, uncertainty, and doubt (FUD) campaigns for years, the exchange continues to grow. Binance’s market share in Bitcoin reserves reflects user confidence and the exchange’s global influence. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-409708" src="https://coin-turk.com/wp-content/uploads/2024/11/GdNXuZcagAAR3sf-scaled.jpeg" alt="" width="2560" height="1440"> 
As a crucial part of the global cryptocurrency ecosystem, Binance currently holds 40% of Bitcoin reserves. This positions the company significantly ahead of its competitors. A loss of Binance could create a challenging gap in the <a href="https://en.coin-turk.com/bank-of-france-governor-advocates-for-revamping-eu-crypto-regulations/" data-wpel-link="internal">cryptocurrency market</a>, demonstrating that the company’s impact is measured not only by trading volume but also by the stability it provides to the sector. 
<h2 style="text-align: justify" id="strong-current-performance-of-bitcoin-strong">Current Performance of Bitcoin</h2> 
In parallel with Binance’s success, Bitcoin’s market movements are noteworthy. The price of Bitcoin dropped slightly to $98,141 over the past 24 hours, yet trading volume increased by over 27%, reaching $54.86 billion. This rise in trading volume indicates that the market still enjoys strong trading activity. 
Additionally, the total market capitalization of the leading cryptocurrency is recorded at $1.94 trillion. Global demand continues to drive transaction growth despite volatility. 
Overall, the increase in Binance’s market share, combined with Bitcoin’s market dynamics, strengthens the overall structure of the sector. If user confidence remains at these levels, Binance and Bitcoin’s influence in the cryptocurrency world may continue to grow in the future. 
The post <a href="https://en.coin-turk.com/binance-achieves-record-bitcoin-customer-balance-market-share/" data-wpel-link="internal">Binance Achieves Record Bitcoin Customer Balance Market Share</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Binance Achieves Record Bitcoin Customer Balance Market Share

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