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

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.

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