Crypto exchange Binance is turning into an altcoin trading platform
The Binance crypto exchange is transforming into a platform focused on altcoin trading, which now accounts for up to 60% of all transactions. Meanwhile, activity related to Bitcoin and Ethereum is declining due to ongoing selling pressure combined with low trading volumes.
Despite the market downturn, Binance has returned to early-2025 altcoin trading levels, and this indicator shows no signs of slowing down.
Although altcoins have shown relatively slow growth, the asset structure on Binance has several unique features. The exchange offers record-high stablecoin liquidity, enabling sufficient capital for trading activity. In addition, the platform lists the most liquid tokens, allowing speculative trading with adequate market depth.
Additional activity is driven by excessive price growth in certain tokens. The top performers that outpaced BTC include ZEC and Aster (ASTER). However, less popular or forgotten altcoins remain illiquid and risky.
Despite the relatively high share of altcoins on Binance, traders remain cautious. For comparison: in early October, during expectations of a “green month,” token trading peaked at over 82% of all activity on the exchange.
See also: "Crypto Exchange Kraken Files Confidential IPO Application in the U.S."
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