BUSD's legal troubles in the US did not influence Binance's volumes.
Moreover, the exchange increased its trading activity and advantage over the competition.
Binance's logo
According
to CryptoCompare's latest report comparing cryptocurrency exchange activity in
February 2023, Binance confirmed its dominant role by achieving record market
share in the spot and derivatives markets. Binance's popularity grew despite
declining volumes at other major exchange offerings and the US legal issues
with the BUSD stablecoin.
Binance Crypto Exchange with
Record-Breaking Market Share
CryptoCompare
revealed on Wednesday that Binance's spot market share across the most popular
crypto trading platforms increased for a fourth month in a row, from 59.4% reported
in January to 61.8% last month. In the said period, Binance saw a substantial
increase in its trading volumes in spot and derivatives markets. The spot
transaction's turnover increased by 13.7%, reaching $540 billion.
"The
increase was a surprising divergence from the performance of other exchanges,
with Coinbase, Bitfinex, and Bitstamp all seeing a decline in volumes.
Similarly, Binance's market share across derivative exchange also grew to
62.9%, its highest-ever recorded monthly market share," CryptoCompare's
report commented.
In
February, total spot trading volumes increased 10% to $946 billion, which is the
second month of consecutive volume increases. Top-Tier spot volumes increased
9.23% to $873 billion, and Lower-Tier spot volumes increased 20.4% to $72.1
billion. Despite the increase, trading volumes remain at historically low
levels. By comparison, two years ago, the value of monthly volume came in at $3
trillion.
Daily Top Tier vs. Lower Tier Volumes. Source: CryptCompare
BUSD Has No Impact on Binance
Performance
Two weeks
ago The Wall Street Journal reported that the cryptocurrency firm, Paxos is
facing a Securities and Exchange Commission (SEC) lawsuit over violations of
user protection regulations regarding the issuance of Binance's stablecoin dubbed
BUSD.
The company decided to halt mint of new BUSD tokens, and the cryptocurrency exchange's Chief
Executive, Changpeng 'CZ' Zhao, calmed clients by saying that the funds were
safe. However, the information caused a market panic and resulted in a collapse
of BUSD's market capitalization.
With new
tokens not being minted and holders of existing tokens exchanging them for
traditional dollars or other stablecoins, the total market capitalization of
the BUSD in February slipped from $15.6 billion to $10.6 billion, which is down 32.6%.
"However,
volumes have not reacted in a similar fashion, with BUSD remaining the second
most used stablecoin/fiat option across all centralized crypto exchanges,"
CryptoCompare report added.
BUSD
trading volumes in February slid only 2.43% to $176 billion, which is far less than
expected after the regulatory pressure that US institutions have begun to exert
on cryptocurrency exchanges.
In the
meantime, Binance took a renewed step towards obtaining a license to offer its digital asset services in Singapore. However, it wants to focus on corporate,
not retail, clients this time. The company plans to leverage its custody
division to shift its focus from retail customers to corporate clients. This
move comes after the exchange's retail operations in the country were suspended
last year under pressure from local regulators
According
to CryptoCompare's latest report comparing cryptocurrency exchange activity in
February 2023, Binance confirmed its dominant role by achieving record market
share in the spot and derivatives markets. Binance's popularity grew despite
declining volumes at other major exchange offerings and the US legal issues
with the BUSD stablecoin.
Binance Crypto Exchange with
Record-Breaking Market Share
CryptoCompare
revealed on Wednesday that Binance's spot market share across the most popular
crypto trading platforms increased for a fourth month in a row, from 59.4% reported
in January to 61.8% last month. In the said period, Binance saw a substantial
increase in its trading volumes in spot and derivatives markets. The spot
transaction's turnover increased by 13.7%, reaching $540 billion.
"The
increase was a surprising divergence from the performance of other exchanges,
with Coinbase, Bitfinex, and Bitstamp all seeing a decline in volumes.
Similarly, Binance's market share across derivative exchange also grew to
62.9%, its highest-ever recorded monthly market share," CryptoCompare's
report commented.
In
February, total spot trading volumes increased 10% to $946 billion, which is the
second month of consecutive volume increases. Top-Tier spot volumes increased
9.23% to $873 billion, and Lower-Tier spot volumes increased 20.4% to $72.1
billion. Despite the increase, trading volumes remain at historically low
levels. By comparison, two years ago, the value of monthly volume came in at $3
trillion.
Daily Top Tier vs. Lower Tier Volumes. Source: CryptCompare
BUSD Has No Impact on Binance
Performance
Two weeks
ago The Wall Street Journal reported that the cryptocurrency firm, Paxos is
facing a Securities and Exchange Commission (SEC) lawsuit over violations of
user protection regulations regarding the issuance of Binance's stablecoin dubbed
BUSD.
The company decided to halt mint of new BUSD tokens, and the cryptocurrency exchange's Chief
Executive, Changpeng 'CZ' Zhao, calmed clients by saying that the funds were
safe. However, the information caused a market panic and resulted in a collapse
of BUSD's market capitalization.
With new
tokens not being minted and holders of existing tokens exchanging them for
traditional dollars or other stablecoins, the total market capitalization of
the BUSD in February slipped from $15.6 billion to $10.6 billion, which is down 32.6%.
"However,
volumes have not reacted in a similar fashion, with BUSD remaining the second
most used stablecoin/fiat option across all centralized crypto exchanges,"
CryptoCompare report added.
BUSD
trading volumes in February slid only 2.43% to $176 billion, which is far less than
expected after the regulatory pressure that US institutions have begun to exert
on cryptocurrency exchanges.
In the
meantime, Binance took a renewed step towards obtaining a license to offer its digital asset services in Singapore. However, it wants to focus on corporate,
not retail, clients this time. The company plans to leverage its custody
division to shift its focus from retail customers to corporate clients. This
move comes after the exchange's retail operations in the country were suspended
last year under pressure from local regulators
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Deutsche Börse’s 360T Plugs Bitpanda Into FX Network to Channel Institutions Into Crypto
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
