Bitcoin broke a historical high of 120000 on July 14th, and the trading volume of major CEX was very active in the days before and after. According to a data report from CryptoQuant, Binance ranks first in spot trading volume for both Bitcoin and Altcoins. Extract two core data points: Bitcoin trading volume: Binance reached 52.6% share on the 18th, exceeding half of the market. One week later, the trading volume on the 25th exceeded the $10 billion mark. The trading volume of altcoins on Binance 18 exceeded 31 billion US dollars (the highest in nearly three months), accounting for 49.41% of the market share. No matter which data you look at, the competition between various exchanges in the future is extremely fierce. Exchanges are truly the most competitive arena in the cryptocurrency industry, without a doubt.