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Binance holds lead in crypto exchange market with nearly 50% share

The cryptocurrency exchange landscape remains largely under the control of centralized platforms. Despite the challenges faced by the industry, including the departure of high-profile executives and market volatility, these exchanges continue to outpace their decentralized counterparts. Uniswap and PancakeSwap, two of the more prominent decentralized exchanges, have experienced their own share of fluctuations. However, they have only managed to achieve a peak market share of around 2.98%, underlining the dominance of centralized exchanges in the current market environment.

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Source: Cryptocurrency - investing.com

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