Binance has reclaimed its status as the leading cryptocurrency exchange globally, securing almost half of the market share worldwide based on figures provided by Kaiko. The data analytics firm reported that Binance has seen its market share surge to nearly 50% within two months after resolving issues with the U.S. Department of Justice. Market Share Data for Binance Provided by Kaiko. Binance’s Market Share Nears 50%, Showing Significant Growth. In a message shared on X, Kaiko attributed Binance’s comeback to an increase in trading activity caused by the platform’s no-cost transaction offer in December 2023. BNB, along with Dogecoin (DOGE) and Solana (SOL), was included in the list of supported cryptocurrencies. Each of them was matched with FUSD, a form of stable currency. For further information, there’s relevant literature indicating that Central Banks are collaborating to diminish Bitcoin’s influence, as disclosed by recent studies. The information source mentioned that the excitement around the approval of multiple spot Bitcoin ETFs by the SEC contributed to Binance regaining lost ground in the market. This move turned out to be beneficial for Binance as numerous participants on the platform anticipated an ongoing rise in cryptocurrency values after they rebounded from the dips experienced in November 2023. Institutional investors now have the ability to readily invest in Bitcoin, as the US Securities and Exchange Commission (SEC) has authorized the trading of regulated Bitcoin Exchange-Traded Funds (ETFs) based on the cryptocurrency’s current market price. With regulatory obstacles overcome, the question arises: Can Binance Coin (BNB) maintain a value exceeding $340?