The once-uncontested supremacy of Binance (CRYPTO: BNB) in the cryptocurrency exchange market may be waning, with its market share decreasing from 54.2% at the start of the year to 48.7% by the end of 2023. Why Cryptocurrency Market Is Recovering This dip in dominance is coming against a backdrop of significant regulatory events and a bear market that spanned from mid-2022 to early 2023. Despite these challenges, the crypto industry has been recovering. Industry-shaping developments, such as the Ethereum (CRYPTO: ETH) Shapella Upgrade, the launch of BRC-20 Ordinals and the approval of spot Bit…

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