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

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Arcane Research claims Binance exchange as the clear winner of 2022

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

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

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

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