Chatter about the solvency of Binance increased significantly after the collapse of FTX, and the exchange did suffer some outflows for a short period, though things have stabilized since. A market share this high could become problematic for the industry if Binance were to encounter any issues, whether regulatory or mistrust from users.

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• Source: https://www.coindesk.com/markets/2023/01/04/binance-controlled-92-of-bitcoin-spot-trading-volume-at-end-of-2022-arcane-research/?utm_medium=referral&utm_source=rss&utm_campaign=headlines