A recent report by a blockchain research firm is stirring the crypto market. The report focuses mainly on crypto exchanges and their ranking on a global scale. There are several metrics used to gauge the exchanges against each other. These include their liquidity level, trading volumes, customer support, security, and number of active users. The report by Blockchain Transparency Institute puts Binance at the top spot.
To clinch the number one position, Binance had to perform well in various criteria used in the ranking. The exchange leads in the number users. It serves about 160,000 users on a daily basis. Binance handles daily transaction volumes of over $1 billion. The crypto exchange also leads in terms of mobile users and volume-to-visitor ratio.