{"id":71732,"date":"2022-12-20T21:14:46","date_gmt":"2022-12-20T19:14:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71732"},"modified":"2025-09-08T10:47:03","modified_gmt":"2025-09-08T07:47:03","slug":"binance-and-coinbase-strengthen-market-positions-after-ftx-collapse","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-and-coinbase-strengthen-market-positions-after-ftx-collapse\/","title":{"rendered":"Binance and Coinbase Strengthen Market Positions After FTX Collapse"},"content":{"rendered":"

The largest American crypto platform Coinbase and the Binance exchange significantly strengthened their positions after the collapse of Sam Bankman-Fried’s business empire<\/a>.<\/p>\n

The chart below illustrates the evolution of market shares among fiat-to-crypto exchanges.<\/p>\n

\\\"Fiat-exchange-market-share\\\"
Data: CryptoCompare, The Block<\/a>.<\/figcaption><\/figure>\n

Coinbase’s share since September has nearly doubled \u2014 from 22.8% to 40%.<\/p>\n

Among exchanges that only support crypto-asset trading, Binance’s share over the same period rose from 82.7% to 87%.<\/p>\n

\\\"Crypto-only-exchange-market-share\\\"
Data: CryptoCompare, The Block<\/a>.<\/figcaption><\/figure>\n

The OKX share fell from 8.88% to 6%. Shares of Huobi, Gate.io and KuCoin are under 5%.<\/p>\n

In mid-December, the daily outflow of stablecoins from Binance reached $3 billion<\/a>.<\/p>\n

Shortly before that, the exchange suspended withdrawals<\/a> for a number of assets and restricted the accounts of some users due to ‘abnormal price movements in certain trading pairs’.<\/p>\n

Earlier, Coinbase CEO Brian Armstrong downplayed<\/a> the impact of the FTX collapse on the American trading platform. He stressed that the crisis surrounding Sam Bankman-Fried’s business empire was the result of ‘risky business practices’ and ‘misuse of customer funds’.<\/p>\n

Read ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase and Binance significantly strengthened their positions after the FTX collapse.<\/p>\n","protected":false},"author":1,"featured_media":71733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1166,138],"class_list":["post-71732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-centralized-exchanges-cex","tag-coinbase"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=71732"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71732\/revisions"}],"predecessor-version":[{"id":71734,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71732\/revisions\/71734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/71733"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=71732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=71732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=71732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}