Binance Maintains Momentum with Continued Memecoin Listings
Binance continues to lead the crypto exchange market despite challenges following CEO CZ's departure and external pressures.
- Binance maintains high trade volume, currently at $9 billion daily, far surpassing competitors like Bybit ($3 billion) and Coinbase ($2.6 billion).
- The platform has effectively captured 44% of memecoin trading volume on centralized exchanges (CEXs).
- In 2024, Binance has listed 37 new tokens, including nine memecoins.
- CEO Richard Teng emphasizes a stringent coin selection process, with around 600 coins listed on the platform.
- Teng declined to disclose details regarding listing fees due to their specificity.