Binance is by far the world’s largest cryptocurrency exchange by trading volume, processing $18.1 trillion worth of trading volume in 2023, according to data from crypto market data firm CCData.
“In relation to CZ’s personal wealth ... he would still be able to retain his share in Binance, as well as maintain his crypto holdings which also contribute an unknown, yet material, amount to his overall wealth and net worth,” Joshua de Vos, research lead at CCData, told CNBC via email.
Coinbase registered $307 billion in spot trading volume in the first quarter, its highest since the last three months of 2021, according to researcher CCData, which notes the figures don’t include Coinbase’s over-the-counter trading related to institutional and ETF customers. Its market share of spot trading has increased to 5.35%, up from 5.05% in the year-ago quarter, CCData said.
Trading on Binance reached its highest level in almost three years last month, according to data provider CCData. A new CEO, Richard Teng, took the reins when Zhao pleaded guilty. The exchange is still home to more crypto trading than any competitor.
Binance is by far the world’s largest cryptocurrency exchange by trading volume, processing $18.1 trillion worth of trading volume in 2023, according to data from crypto market data firm CCData.
“In relation to CZ’s personal wealth ... he would still be able to retain his share in Binance, as well as maintain his crypto holdings which also contribute an unknown, yet material, amount to his overall wealth and net worth,” Joshua de Vos, research lead at CCData, told CNBC via email.
The total market cap for stablecoins hit $158bn this month, according to CCData. That’s not only the seventh consecutive monthly increase for the sector, but also the highest point since May 2022, when the crypto market fell into a crisis.
According to numbers shared by industry data provider CCData, transaction volume on the bitcoin network has rocketed since the arrival of Ordinals. “Ordinals are to the bitcoin blockchain what bitcoin ETFs are to bitcoin the cryptocurrency,” said CCData researcher Jacob Joseph.
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