The Blockchain Transparency Institute's November rankings reveal Binance as the dominant global cryptocurrency exchange, processing $1 billion in daily trading volume. With over 160,000 daily web users, Binance outperforms competitors like OKEx across key metrics including active users, liquidity, and API volume.
Market Leadership Dynamics
- Binance: $1B daily volume | 160K+ users
- OKEx: $700M daily volume | 30K users
This disparity highlights Binance's liquidity advantage and broader user adoption. 👉 Discover how top exchanges optimize liquidity
Low Market Cap Coin Controversies
Since the ICO boom, exchanges have faced scrutiny over:
- Opaque listing fees
- Suspicious volume inflation of small-cap tokens
Binance now donates all listing fees to charity, setting a transparency benchmark. However, researchers note ongoing issues:
"Many exchanges target low-cap projects with token supply deals to artificially boost volumes on CoinMarketCap," reports the Blockchain Transparency Institute.
Exchanges reportedly charge 5–60 BTC for listings, exploiting projects seeking visibility.
South Korea's Crypto Market Growth
Korean exchanges Upbit and Bithumb recently entered the global top 10, driven by surging BTC/KRW trading. Key developments include:
- Regulatory shift: South Korea's FSC now allows bank partnerships with crypto exchanges
- Market impact: Expected to increase local trading activity and institutional participation
👉 Explore evolving crypto regulations worldwide
FAQ
Q: Why does Binance dominate exchange rankings?
A: Superior liquidity, user base, and transparent practices like charitable listing fee donations.
Q: How are Korean exchanges gaining traction?
A: Regulatory clarity and rising BTC/KRW volume propelled Upbit/Bithumb into the top 10.
Q: What's the concern with small-cap tokens?
A: Some exchanges inflate volumes through wash trading, misleading investors.
Q: Are listing fees standardized?
A: No—fees vary widely (5–60 BTC), with transparency efforts led by major exchanges.
This analysis excludes promotional links and ad-related content per guidelines. All data reflects November rankings.