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Binance Gains 50% Global Market Share: Investors Bullish On WSM’s BSC Announcement

Binance Gains 50% Global Market Share: Investors Bullish On WSM’s BSC Announcement

Binance regains 50% market share, WSM capitalises with BSC move and crypto casino, offering 200% welcome bonus.

Binance, the world’s leading cryptocurrency exchange, has surged to reclaim nearly 50% of the global market share, according to data from Kaiko, a data analysis firm.

This achievement follows a recent settlement with the US Department of Justice (DoJ) and heightened market excitement after the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC).

Binance’s native token, Binance Coin (BNB), currently trades in the range of $289.85 to $312.34. The altcoin has witnessed a 2.4% increase in the past week, with a 6.7% decline on the monthly chart. Analysts foresee the potential for BNB to reach $350 in the coming months.

The spike in Binance’s market share can be attributed to significant upgrades made to the Binance Smart Chain (BSC). These upgrades were strategically implemented to enhance security measures and comply with escalating regulatory pressures.

Binance Smart Chain (BSC) has reported an impressive 85% reduction in financial losses due to security incidents in 2023 compared to the previous year. Notably, despite a 44% increase in security incidents, BSC experienced a 64% decrease in fiat losses in Q4 2023 compared to Q3. The platform’s robust security measures have proven effective, with hacks and scams resulting in 91% and 54% fewer losses, respectively.

In Q1 2023, BSC demonstrated minimal impact on vulnerabilities, accounting for only 0.9% of the total vulnerabilities based on Total Value Locked (TVL). This underscores BSC’s commitment to maintaining a secure environment.

Related: New Binance Chain Token WSM Trends As SEC Denies BlackRock’s Ethereum ETF

WSM Places Trust on BSC’s Regulatory Future-Proofing

In response to the BSC’s development and Binance’s market share growth, Wall Street Memes (WSM) has announced its strategic move to transition to the Binance Smart Chain. This decision aligns with the upgraded security features of the network and capitalises on Binance’s growing market share.

WSM has implemented new BEP-20 token and staking contracts, focusing on enhancing safety for its community. The transition to Binance Smart Chain facilitates quicker and more cost-effective transactions for WSM users.

Noteworthy is WSM’s dedication to transparency, evident in its regular community updates. The WSM project includes diverse initiatives, such as the WSM Casino, launched in October 2023.

This casino, supported by the Wall Street Memes native token $WSM, offers over 5,000 games and accepts various cryptocurrencies, including Bitcoin, Dogecoin, Cardano, Solana, Ethereum, XRP and Tether.

The WSM Casino stands out by accepting a broad range of cryptocurrencies, offering a 200% Welcome Bonus and promoting transparency through initiatives like an hourly $WSM token buyback program.

WSM’s Previous Developments and Community Growth

Binance

Wall Street Memes made headlines on 20 October 2023, with the launch of its Telegram-integrated online casino, WSM Casino. The casino aimed to revolutionise the GameFi landscape by providing a seamless gaming experience within the Telegram app.

The project leveraged its community of over 300,000 Twitter followers and 35,000 Telegram members to drive the casino’s adoption.

Despite WSM’s recent price downtrend, trading around $0.02 from its all-time high of $0.07, the project has continued to execute well. The recent move to Binance Smart Chain and the integration of the WSM Casino into Telegram could serve as catalysts for renewed interest and trading activity around WSM.

Wall Street Memes initially gained market traction following its presale in mid-2022, raising $25 million. The project secured listings on major platforms like Gate.io, OKX, MEXC, LBank, among others.

In summary, WSM’s strategic transition to Binance Smart Chain, along with its innovative ventures like the WSM Casino, reflects the broader industry’s maturity. As regulatory pressures intensify, crypto projects, including Wall Street Memes, are adapting to ensure regulatory future-proofing while delivering value to their communities.

Explore the offerings of Wall Street Memes Casino today and discover a 200% welcome bonus, with up to $25,000 available, alongside 200 complimentary spins when depositing with $WSM.


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