Binance Bitcoin Reserves Up 25%, Holding 40% of Global Market Share

Binance Bitcoin Reserves Up 25%, Holding 40% of Global Market Share

The post Binance Bitcoin Reserves Up 25%, Holding 40% of Global Market Share appeared first on Coinpedia Fintech News

Despite persistent fear, uncertainty, and doubt (FUD), Binance’s customer Bitcoin (BTC) balances surged by 25% this year, according to crypto analyst Ki Young Ju. Binance now commands 40% of the global Bitcoin reserve market share among proof-of-reserves (PoR) exchanges, showcasing consistent annual growth. Ki Young Ju emphasized that losing Binance would significantly impact the global crypto ecosystem, potentially causing long-term disruptions. This underscores Binance’s crucial role in maintaining market stability and supporting the broader adoption of cryptocurrency worldwide.