Posted 12/9/2023, 1:14:00 PM
Bybit and OKX Gain Market Share as Binance's Dominance Slips in Record Crypto Trading Year
- Bybit and OKX exchanges have gained significant market share in crypto derivatives trading, capturing 11.94% and 20.2% respectively
- CME has seen notable increases in Bitcoin and Ethereum derivatives volumes and open interest
- Despite record trading volume, Binance has faced its lowest market share since October 2020
- Spot crypto exchanges like Upbit have also gained market share alongside Bybit and OKX
- Centralized exchanges overall saw nearly $1 trillion in spot trading and over $2 trillion in derivatives trading