Retains

BitGo’s WBTC Retains Over 65% Market Dominance Despite Criticism of Custody Model: Report

Leave a Comment / BitGo’s, Retains / Nisha

Wrapped Bitcoin (WBTC), a wrapped version of Bitcoin developed by BitGo, Kyber Network, and Ren, continues to dominate the tokenized BTC market despite criticism around the project, according to Binance Research’s latest monthly report. The wrapped token represents Bitcoin at 1:1 on other blockchains such as Ethereum and Solana. This allows users to access BTC […]

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Binance Retains Leading Position Among Crypto Exchanges Despite DOJ Fiasco

Leave a Comment / Binance, Retains / Avery Clarkson

TL;DR Despite recent troubles, including a $4.3 billion fine settlement with the US DOJ and a leadership change with CEO Changpeng Zhao resigning, Binance maintains its position as a leading cryptocurrency exchange with a market share of almost 50%. Binance’s market share briefly dropped to nearly 40% following these regulatory issues, but the exchange continues

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