The world’s largest cryptocurrency exchange, Binance Holdings Ltd., has seen a big boost in trading activity after rival FTX collapsed in November.Trading activity on Binance leapt by 30% last month, first picking up when FTX squared up to a liquidity crunch that led to its bankruptcy and shook the foundations of the crypto market. At the time, FTX was the second largest digital spot and derivatives exchange.Analysts say that monthly trade volume on the largest remaining exchanges shot up by an average of 23% in response to the FTX crash. Binance enjoyed a greater than 30% surge in trading activity.Part of this increased confidence can be attributed to the actions of Binance itself. When users were looking to draw their funds from FTX, sparking contagion across the crypto industry, Binance disclosed its assets and wallet addresses of where it stored its customer funds to improve transparency.What does this mean for me? Going forward, Binance is set to take up a position as the largest and safest crypto exchange on the market. This is partly because the company does not have an official headquarters. As a decentralized company, this approach is in keeping with the decentralized ethos of the crypto industry and appears to give customers a measure of confidence.The fall of FTX is also projected to benefit US-regulated exchanges, such as Coinbase and Kraken, which have both gone through significant layoffs. Trading volume on both these exchanges has reportedly been on the rise since November.