“Binance, A Clear Winner of 2022” Claims Arcane Research

Arcane Research claims Binance exchange as the clear winner of 2022

[{"selector":"#anim-c47e3b56-793b-4699-8c85-11e27f3a324e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b6f6b99b-d6b2-4acc-9584-639a3f56de3e","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 255.42785%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The research data states that Binance’s market dominance has seen an uptick through the year 2022

[{"selector":"#anim-46f7ac3e-c51c-4dc2-b571-030484a18ec1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b0556aa-fe8a-4ee1-849a-4d6d021edba9","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 160.15327%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

As of Dec 28, 2022, the exchange had accumulated 92% of Bitcoin spot market and 61% of Bitcoin derivatives

[{"selector":"#anim-ffa85847-f52d-47ff-989c-0203ef3ee8ef","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb18cf10-21c4-40f1-8f4a-f8f4b242f405","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 160.15327%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

As per the report, Binance’s BTC spot market dominance occurred before FTX collapse.

[{"selector":"#anim-9ba34e80-e635-482b-abf8-f0e12d834651","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd7404ad-6c0c-4ff9-8655-dc2c04e968f1","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 201.93241%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

To enhance its global appearance in 2022, Binance partnered with Japanese trading firm, Sakura Exchange BitCoin & Tokocrypto, a digital currency brokerage firm at Indonesia.

[{"selector":"#anim-9a955f49-f322-451f-bff7-a8e962178749","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd30c6d3-c832-4a22-821b-a595ff87f94c","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 125.74878%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]