NFT News Daily TheBittimes.com

Binance saw its market dominance slip 5% in 2023 followning the impact of regulatory issues, including ex-CEO Changpeng Zhao’s resignation. A TokenInsight report however shows the exchange remains top by market share. Meme Moguls, on the other hand, is a new meme-backed trading platform seeing huge interest from crypto enthusiasts during its presale.  Binance remains the largest crypto exchange by market share, despite facing a 5% dip amid regulatory issues. A new TokenInsight report also highlights that the exchange’s market share rose steadily after dipping to around 32% in November. Meanwhile, Meme Moguls (MGLS), a new exchange bidding for dominance as the world’s first meme-based trading platform, continues to strengthen its future outlook amid huge interest in its presale. Report shows Binance market share dropped 5% in 2023 Binance’s place as the world’s largest crypto trading exchange by market share came under thr...

Trading volumes on the largest cryptocurrency exchange, Binance, fell from 74% in December 2022 to 50% in October 2023. Traders’ pullback from Binance was especially evident on October 23rd. While Bitcoin was rising, Binance’s market share fell to almost nothing, coinciding with Bitcoin’s rise to $34,000. In contrast, OKX’s market share has exceeded 50%, according to Kaiko. This is quite unusual. Source: The Block Binance personnel changes At least 16 top managers have already left Binance. According to The Block analysts, these personnel changes are just the beginning. Here is the full list of Binance employees who left the company in 2023 despite management positions: Stephanie Cabossioras , the chief executive of Binance France, left her position in October. Jonathan Farnell , the head of the UK branch of Binance, held his position for 2.5 years and vacated it in September. Brian Schroeder , the CEO of Binance.US, left the company in mid-Sept...