Data shows the Bitcoin spot trading volume has remained stable in the past week, but Binance’s dominance of it has grown further.
Binance’s Bitcoin Trading Volume Dominance Is Around 96%
According to the latest weekly report from Arcane Research, the BTC trading volume has stayed steady at around $10 billion in the past week. The “daily trading volume” is an indicator that measures the total amount of Bitcoin being transacted on the Bitwise 10 exchanges on any given day.
The metric includes only the volumes from the Bitwise 10 exchanges because they are known to provide the most reliable data in the market. While they aren’t all the platforms there are in the sector, their trading volume trend can still provide a decent picture of the trend in the wider market.
When the value of the indicator is high, it means a large number of coins are being moved around on the spot market currently. Such a trend can be a sign that traders are active in the market.
On the other hand, low va
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