Crypto: Binance, undisputed market leader?

All exchanges seek to gain the top spot in the cryptocurrency market. We have witnessed a real battle of supremacy between them since the beginning of 2022. According to rumors, some exchanges would not even hesitate to sabotage their competitors to bring them down. That said, SimilarWeb traffic data recently revealed the winner of the supremacy battle.

Binance remains the largest exchange!

Binance continues to dominate the cryptocurrency market maintaining its place as the largest exchange in the world. According to data from SimilarWebthe famous platform recorded 300 million visits in the last 90 days. It should be noted that most of the active users on the exchange reside in Turkey. Other countries where consumers have shown great interest in Binance are: Philippines, Russia, Argentina, and Brazil. Thus, the exchange was used more in non-English speaking nations.

The second most visited exchange in the world is Coinbase. It has recorded 121 million visits over the past 90 days. But, unlike Binance, Coinbase has garnered more interest from users residing in Western countries, especially the United States. Note that the ByBit, FT US and Kucoin platforms are in the top 5 of the largest exchanges.

Furthermore, data from SimilarWeb reveals that users prefer the OpenSea platform when it comes to NFT. Indeed, this site has recorded 158 million visits in the last 90 days. This demonstrates that consumers prefer to verify the value of NFTs on a specialized platform.

Binance remains the world’s leading cryptocurrency exchange. It is followed by Coinbase, ByBit, FT US and Kucoin. But, even though traditional exchanges have an NFT marketplace, users prefer to use OpenSea to interact with NFTs.

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