According to a recent report by TokenInsight, during the 30-day trading period from October 7 to November 15, 2024, Binance outperformed traditional stock markets with its total trading volume, encompassing both spot and derivatives. Specifically, Binance’s trading volume exceeded the Nasdaq by 10%, was double that of the NYSE, and was an astonishing 16 times greater than Coinbase, resulting in Binance capturing approximately 50% of the global centralized exchange trading market. Additionally, the USDT inflow into leading trading platforms during the U.S. presidential election period surpassed an impressive 20 billion USD. Binance led this charge with an inflow of 7.7 billion USD, while Coinbase followed with 4.3 billion USD and other exchanges collectively accounted for 6.5 billion USD, highlighting the growing dominance of cryptocurrency exchanges in the financial sector.
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