Crypto Exchange Market Share Shifts as Binance Loses Ground to Crypto.com

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Crypto Blog

According to a report released by digital asset data provider CCData on Oct. 3, Binance’s market dominance has declined significantly.

However, it has remained the largest derivatives exchange by monthly volume in September, trading $1.25 trillion, down 20.6% from August., Upbit, and OKX have lost the most market share, declining by 5.3%, 4.6%, and 4.0% to 27.0%, 2.5%, and 3.9%, respectively. According to CoinGecko, Crypto.com is currently second to Binance in terms of daily spot trading volume, with around $8 billion, and Bybit is third with $5 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Exchange Gemini to Exit Canadian Market by December 2024: ReportCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Crypto exchange trading volume sees growth amid market declineCCData released its monthly report on Wednesday, revealing that centralized exchanges witnessed significant surges in spot and derivatives trading volumes.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Binance market share hit lowest level since 2020 as general exchange trading volume declinedCCData's report on Thursday revealed that Binance's market share for spot and derivatives trading volumes declined in the last month of Q3, dropping to lows not seen since 2020.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Binance's Crypto Market Share Sinks to 4-Year LowKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

Tether-Issued Stablecoin USDT's Market Share Grows to 75% as Market Cap Tops $118BKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »