Topic: Binance lose ground to rivals; DEX’s on the rise: Report - page 2. (Read 276 times)

CEX trading market share will get even lower over time imho. It's been a while that I've used a CEX for something else than off/on-ramping FIAT. With easy DEX solutions like Jumper there is basically no need to use a CEX if you're navigating in the Ethereum L1 / L2 ecosystem. Same goes for Solana, Tron, BSC or Avalanche.

I mean you can now even trade perps on decentralized platforms like Hyperliquid. Works quite well and the orderbooks will get deeper over time. Will be quite intersting to see how these new things perform once a "real" bullrun starts.

A successful company may be affected by the absence of a CEO or may not turn profitable with a new CEO, but its name should not be associated with the CEO. If Binance is nothing without CZ, then the company was not built properly from the beginning. The decline in trading volumes on Binance may be due to competition, regulatory restrictions, and their lack of spending on advertising as it was in the past, more than it is related to CZ.

Wherever Binance is heading, it has done its job for CZ for sure! He was released from prison I think four weeks ago and is now writing a book. I am sure we will never find out a definite answer, but I asked myself sometimes how much money he has really managed to make. They still put him at around $60 billion, but given how complex his corporate structure was/is and how many possibilities he had for years to disguise part of his fortune, in my opinion it's impossible to tell or even give an educated guess. There were all these BEP20 tokens that he could have sold, all the staking that could be done, all the shifting from BNB to BTC, there are so many things he could have done. He has registered companies in all those tax heavens and I think he personally lives in Dubai, so he most likely barely had to pay any taxes (or just didn't, but nobody can find the money).

As far as I know, or at least I couldn't find anything about it, he will still be allowed to travel to the U.S. in the future. His life story is pretty crazy and I'd probably take those six months in prison and the $60 billion if I were to choose my next move!

Arthur Hayes is filthy rich, too, and he got six months of home detention and a $10 million fine. I bet that many people would instantly change roles with them because these sentences seem to be so unrealistically low. Who knows what kind of information these guys gave away in order to achieve those low sentences... It's most likely far more than many people can think of.

Regulations and the fact that Binance is no longer able to reach some countries may be a reason for such a decline, in addition to the fact that we are still in the beginning of a bull market and the inclusion of ETFs are all reasons that may seem logical. The closest competitor to Binance is OKX Bybit, and these services I do not expect to surpass Binance anytime soon.

From the article and the infographic, binance is losing ground on other centralized exchanges, the rise of DEX has not been significant enough to affect binance market dominance.

I think there might be a small relationship between the drop and the introduction of new coins into the market when a bullrun is around the corner, like in this case. Small cap coins can be more easily listed on smaller exchanges relative to binance, so they attract slightly more volume during periods like this if those coins have a good ROI and trading volume.

This is where I read it from: https://cointelegraph.com/news/binance-crypto-com-lose-ground-dex-rise

Sport trading volume decreased while also derivative trading volume decreased.



This image gives you the market share of the derivative trading among top exchanges.



I think this is very good than for an exchange to have the lion trading volume.