Binance, the world's largest crypto exchange, processes over $23 billion in daily trading volume dwarfing Coinbase's $4 billion and OKX's under $4 billion, with MGX's investment further boosting its dominance

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The exchange is substantially larger than rivals in terms of trading volume, with CoinGecko showing over $23 billion worth of trading over the last 24 hours compared to about $4 billion for the U.S.-based Coinbase and just under $4 billion for OKX

Binance is the largest crypto exchange in the world

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