From recent Nobitex events and various exchange security incidents, it is best for ordinary retail investors to choose top exchanges for daily use, as fund security is always the first consideration. Madam, you wouldn't want your coins to be stolen, would you?
Currently, Binance is generally considered the top player in the market. From a data perspective, this is indeed the case:
1️⃣ Spot market share reaches a new high in nearly 12 months: The Block's market share tracking shows that Binance's spot market share has rebounded to the highest level in the past year.
2️⃣ BTC & ETH trading volume continues to increase: Binance currently accounts for about 45.6% of BTC spot trading volume, while the share of ETH spot trading volume has consistently remained around 50%.
When the tide goes out, one can not only see who is swimming naked but also who wears the most attractive underwear. In the current situation where the overall market trading activity has declined, having such data shows, on one hand, that Binance itself has strong user retention, and on the other hand, it may indicate that users from other exchanges choose Binance to avoid risks.
Ultimately, Binance can continue to lead the market. Leaving aside other various operational activities and market factors, the security of Binance remains the most important point attracting users.
Data released by CryptoQuant on June 3 shows that Binance currently holds 59% of the USDT and USDC reserves among centralized exchanges, having the largest stablecoin reserves among all centralized exchanges. Stable and transparent reserves have always been a key concern for users after FTX.
In addition, the Alpha activity has indeed attracted many on-chain or other exchange users and converted them into Binance users. Balance points and trading volume points represent one conversion in terms of fund retention and another in terms of operational habits. Once users have funds on Binance and have accustomed themselves to its operations, it is hard not to continue using Binance.
A grain of sand in the era can become a mountain on an individual's head. If one has experienced the torment of FTX, although the final outcome is less than satisfactory, surely no one wants to go through that suffering again. Always remember, "fund security" is more important than "earning an extra 10%."

