Tokeninsight released the Q2 quarterly report on cryptocurrency exchanges in 2023. The report shows that in the Q2 quarter of 2023, Binance's market share is 50.6%, which is basically the same as that of the same period last year, and it still ranks first in the market.

In addition, in the Q2 quarter of 2023, Binance’s total trading volume is $4.3 trillion, with an average share of 55.33% in the spot market, 54% in derivatives transactions, and 35.69% in open interest. Multiple data show Binance remains number one in the crypto market, dominating it.