Despite persistent fear, uncertainty, and doubt (FUD), Binance’s customer Bitcoin (BTC) balances surged by 25% this year, according to crypto analyst Ki Young Ju. Binance now commands 40% of the global Bitcoin reserve market share among proof-of-reserves (PoR) exchanges, showcasing consistent annual growth. Ki Young Ju emphasized that losing Binance would significantly impact the global crypto ecosystem, potentially causing long-term disruptions. This underscores Binance’s crucial role in maintaining market stability and supporting the broader adoption of cryptocurrency worldwide.
Source: https://coinpedia.org/crypto-live-news/binance-bitcoin-reserves-up-25-holding-40-of-global-market-share/