Binance’s Bitcoin Dominance Soars to 23%, Signaling Growing Market Control

Bitcoin is experiencing a notable surge, climbing over 10% in the past week. Binance, the world’s leading cryptocurrency exchange, has seized this opportunity to solidify its position as the dominant custodian of bitcoin on exchanges. The latest data reveals that Binance currently controls a substantial 23% of all bitcoin reserves across centralized platforms. This rise comes amidst increased market optimism and institutional investment.