Binance Market Share Allegedly Hits 77%; Criticism Grows As Even Jack Dorsey Speaks Out

It is no secret that Binance benefits from FTX’s insolvency. After the second largest exchange in the world went belly up, other exchanges had to divide FTX’s market share among themselves.
And that Binance is one of the biggest winners now seems to be confirmed by recent data. The Block claims that Binance now has a 75% market share on the spot market, 8.5 times more than the second Coinbase.Binance now represents 75% of all exchange volume, and almost 8.5x that of the second (Coinb