{"id":819862,"date":"2025-01-14T11:12:07","date_gmt":"2025-01-14T17:12:07","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/14\/binance-captures-97-of-south-korean-market-and-half-of-global-bitcoin-transactions\/"},"modified":"2025-01-14T11:12:07","modified_gmt":"2025-01-14T17:12:07","slug":"binance-captures-97-of-south-korean-market-and-half-of-global-bitcoin-transactions","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/14\/binance-captures-97-of-south-korean-market-and-half-of-global-bitcoin-transactions\/","title":{"rendered":"Binance captures 97% of South Korean market and half of global Bitcoin transactions"},"content":{"rendered":"

Bitcoins <\/p>\n

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\"bitcoins Binance captures 97% of South Korean market and half of global Bitcoin transactions<\/span> Oluwapelumi Adejumo \u00b7<\/span> 21 hours ago<\/span> <\/span> <\/span> <\/span><\/p>\n

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Insights<\/a> Bitcoin<\/a>Exchanges<\/a> <\/span><\/p>\n

Binance’s user safety systems had prevented more than $4 billion in potential losses in2 2024.<\/p>\n<\/div>\n

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Binance<\/a> continues to solidify its position as the top global crypto exchange, as recent data highlights its growing dominance across key markets.<\/p>\n

Data<\/a> from CryptoQuant shows that the crypto commands a staggering 96.91% of crypto trading activity in South Korea. In contrast, local exchanges like Upbit<\/a> and Bithumb<\/a>\u00a0collectively account for only 3.09% of the market.<\/p>\n

\"bitcoins
Binance vs Korean Exchange Volume (Source: CryptoQuant)<\/figcaption><\/figure>\n

On a global scale, Binance\u2019s influence is equally profound. Data<\/a> from Kaiko shows that nearly half of all Bitcoin transactions worldwide occur on the Richard Teng-led crypto exchange, cementing its position as the go-to platform for crypto enthusiasts.<\/p>\n

\"bitcoins
Binance Market Share (Source: Kaiko)<\/figcaption><\/figure>\n

These numbers reflect crypto traders\u2019 increasing reliance on Binance for its advanced offerings and seamless user experience.<\/p>\n

Moreover, Binance\u2019s success can also be attributed to its proactive measures to safeguard users. A 2024 report<\/a> pointed out that its security systems protected nearly 2.8 million users from potential losses of $4.2 billion. These efforts have reinforced trust in the platform as a secure and reliable exchange.<\/p>\n

\"bitcoins
Binance Compliance Efforts (Source: Binance)<\/figcaption><\/figure>\n

Additionally, the exchange also leads the industry in regulatory compliance, having obtained licenses in 21 regions, including major markets like India<\/a>, Japan, Brazil<\/a>, and Argentina. This expansive regulatory footprint demonstrates Binance\u2019s commitment to providing global access while adhering to local laws.<\/p>\n

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Latest Insights<\/h5>\n<\/div>\n<\/div>\n<\/div>\n

Oluwapelumi Adejumo Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Binance captures 97% of South Korean market and half of global Bitcoin transactions Oluwapelumi Adejumo \u00b7 21 hours ago Insights Bitcoin Exchanges Binance’s user safety systems had prevented more than $4 billion in potential losses in2 2024. Binance continues to solidify its position as the top global crypto exchange, as recent data highlights its growing<\/p>\n","protected":false},"author":1,"featured_media":819863,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22426,23267],"tags":[11476],"class_list":["post-819862","post","type-post","status-publish","format-standard","has-post-thumbnail","category-binance","category-captures","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/819862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=819862"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/819862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/819863"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=819862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=819862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=819862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}