Arcane Research claims Binance exchanges as the clear winner of 2022.The research data states that Binance’s market dominance has seen an uptick through the year 2022.

As of Dec 28,2022, the excahnge had accumulated 92% of Bitcoin spot market and 61% of Bitcoin derivatives. As per the report, Binance’s BTC spot market dominance occured before FTX collapse.

To enhance its golbal appearance in 2022, Binance partnered with Japanese trading firm, Sakura Exchnage Bitcoin & Tokocrypto, a digital currency brokerage firm at Indonesia.

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