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Judging from the recent Nobitex incident and various exchange security incidents before, for ordinary retail investors, it is better to choose the top exchange for daily use, and fund security is always the first consideration. Madam, you don’t want your coins to be stolen, right? At present, Binance should be the consensus of the market as the comprehensive first. From the data point of view, this is indeed the case: 1️⃣ Spot market share hit a 12-month high: The Block market share tracking data shows that Binance’s current spot market share has rebounded to the highest level in the past year. 2️⃣ BTC ETH trading volume continues to increase: Binance currently accounts for about 45.6% of BTC spot trading volume, and the proportion of ETH spot trading volume has always remained at around 50%. When the tide recedes, you can not only know who is swimming naked, but also who is wearing the sexiest bitter tea. In the current situation where the overall market trading activity is declining, there can be such data. On the one hand, it shows that Binance itself has strong user stickiness, and on the other hand, it also shows that there may be other users who choose Binance to avoid risks. In essence, Binance can continue to lead the market at present. Putting aside market factors such as other types of activities, Binances security is still the most important point to attract users. According to data released by CryptoQuant on June 3, Binance currently holds 59% of the USDT and USDC reserves in centralized exchanges, and has the largest stablecoin reserves among all centralized exchanges. Stable and transparent reserves are always the point that users after FTX value very much. In addition, the Alpha activity has indeed attracted many users on the chain or other places to become Binance users. Balance points and transaction volume points, one is the conversion of capital retention, and the other is the conversion of operating habits. With funds on Binance and accustomed to Binances operations, it is difficult not to continue using Binance. A grain of sand in the era is a mountain on a persons head. If you have experienced the torture of FTX, although the final result is not satisfactory, no one wants to go through the torment in the process again. Always remember that fund security is more important than earning 10% more.
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