Tokeninsight released the "Crypto Trading Platform 2023 Annual Report", which showed that Binance ranked first in market share, spot and derivative trading share, and Binance's market share was 48.7% at the end of the year, and spot and derivative trading share was 53.7%, leading the global cryptocurrency trading platform. After experiencing major regulatory events, Binance's performance exceeded market expectations.

From the trend, it can be seen that after settling with multiple US regulatory agencies, Binance still maintains its leading position in the industry, with a lead of 32.6% over the second place. These events did not have a huge impact on the market structure like the FTX collapse in 2022, and traders still tend to choose more secure centralized trading platforms.