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First Mover Asia: Is Binance Becoming Too Dominant?

Binance pushes through around 53% of all crypto trades on spot and derivatives markets by trade count, and around 30% of the market’s value; Bitcoin remained comfortably above $19,000 in Monday trading.

CEO Changpeng Zhao, seen here at Consensus 2022. (Shutterstock/CoinDesk)
CEO Changpeng Zhao, seen here at Consensus 2022. (Shutterstock/CoinDesk)