Despite a market that has been rough on exchanges since November 2021, Binance, led by famous CEO Changpeng Zhao, recorded impressive growth in both its annual revenues and market share. According to analytics company CryptoQuant, Binance was able to grow its annual revenue by 10x in 2 years. Around $12 billion left the exchange in the last two months of 2022 after the collapse of FTX and the following FUD around Binance. Despite that, its market share also rose from 37% in 2020 to 57% in 2022, according to a report from Kaiko.
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