CryptoCompare's Bitcoin Volatility Index spiked to 96 last week, way higher than the range of 52 to 65 it saw last month as the cryptocurrency held its footing despite broader market turmoil
Binance maintained its 66% market share for the crypto derivatives market as of March 24, according to CryptoCompare.
At the start of the month, CryptoCompare figures showed Binance controlled more than 60 per cent of the crypto spot market.
Since the beginning of March, Circle burned about $12.2 billion USDC, while issuing about half as much on Ethereum, CryptoCompare found.
The exchange continues to dominate, despite facing increased regulatory scrutiny, a report by CryptoCompare shows.
Binance is the world’s biggest crypto exchange, with nearly 60% market share as of mid-February, according to research firm CryptoCompare.
BUSD represented roughly a fifth of Binance’s trading volume in the last year, climbing to as much as 40 per cent in December, according to data from CryptoCompare.
Coinbase’s market share also fell from about 5.9% in November 2022 to 4.1% in February 2023, according to CryptoCompare.
Tether’s USDT is now more than half of the market and has its highest share since October 2021, data provider CryptoCompare found.
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