[Yeah regulatory compliance have been the measure issue with binance and despite their popularity being the first centralised exchange that witnessed alot of traffic from the crypto communities, the fact still remains that many are beginning to go for other regulatory compliance cex exchange instead of binance a d the reason is not far from regulatory compliance problems, like in my country binance is ban and have delisted our p2p service and this made alot of it users to make it veon to more compliance exchange like bybits, should I am sure that it trading volume have decrease significantly due to many countries having issues with binance.
In regulatory compliance, Bybit is not really different from Binance. The reason Binance is first targeted or only targeted is because it is the largest exchange.Binance still has the highest trading volume but more exchanges like Bybit, OKX, Bitget and few other exchanges are really competing with Binance. The dominance that Binance had before 2022 has significantly reduced but it still remain the most dominant exchanges.
The reason I do not go for Binance is because I have many exchanges and I am able to differentiate them and know their pros and cons. I have actively used Binance for trading before but I see no reason to use it anymore if there are other exchanges that give me what I want than what Binance is rendering.
as the number is exaggerated as Bitcoin market cap is less than 2 trillion.
