Express
Binance Spot Crypto Trading Market Share Drops to 25%, Lowest Level Since Early 2021
Summary: According to Bloomberg, CoinDesk data shows that Binance's cryptocurrency spot trading market share has dropped to 25%, the lowest level since 2021, far below the peak of nearly 60% in 2023. Its market share in derivatives trading has also decreased from a peak of nearly 70% to around 35%. Analysts point out that trading activity ...
According to Bloomberg, CoinDesk data shows that Binance's cryptocurrency spot trading market share has dropped to 25%, the lowest level since 2021, far below the peak of nearly 60% in 2023. Its market share in derivatives trading has also decreased from a peak of nearly 70% to around 35%. Analysts point out that trading activity flowing out of Binance has mainly shifted to non-US exchanges such as Bybit, HTX, and Gate, with limited growth in trading volume for US exchanges including Coinbase. Meanwhile, platforms like Hyperliquid for on-chain trading are attracting more derivative trading, indicating a deep structural shift in the market.
Tags:
Link: Binance Spot Crypto Trading Market Share Drops to 25%, Lowest Level Since Early 2021 [Copy]
