ETFs are rising, but Binance still leads the charge.
Bitcoin: U.S. spot ETFs are seeing $5 to $10 billion in daily volume on active days, signaling strong institutional demand. However, Binance continues to dominate with up to $18 billion in daily BTC spot trading, capturing 29% of global volume.
Ethereum: ETH trading is still mainly happening on exchanges, not through ETFs. Binance has 35% of the ETH spot volume, way ahead of the 4% share from U.S. ETFs. On August 13th and 22nd, Binance had $11.1B in ETH volume, more than 50% higher than ETFs on the same days.
Institutional demand is growing, but Binance remains the preferred platform for real BTC and ETH trading activity.
If you want to trade on exchanges with good liquidity and volume, Binance should be your preferred option.