Since the beginning of the year, the total expense trading on the largest cryptocurrency exchange of Binance has exceeded $ 1.9 trillion, the platform occupies 43.66% of the world market, experts from the analytical company Cryptoquant said.

The volume of sporting trade of cryptocurrencies on Binance Now 3.6 times more than its closest competitor – the exchange Crypto.com (12.12%). According to this parameter, the largest platform is ahead of Crypto.com, Bybit, Coinbase, OKX and UPBIT combined.

“Binance high liquidity contributes to more convenient trade, smaller spreads and favorable prices,” Cryptoquant said.

The exchange continues to maintain the position of the main trade cryptocenter. A similar situation was at the beginning of last year, when Bitcoin demonstrated significant growth, experts noted.

In their opinion, Binance It may continue to maintain a significant advantage in the market, and competitors will need serious efforts to reduce the difference in trade volumes.

Previously, the Binance exchange reported On the cessation of the on April 1, the Tether (USDT) stabelcoin in the European economic zone (EEA).