October 4, 2024 – According to a recent report from CCData, the trading volumes of centralized exchanges saw a significant decline in September, with both derivatives and spot trading falling by 17%. Despite this downturn, Binance remains the largest exchange, commanding a 36.59% market share. However, its spot trading volumes experienced a notable drop of nearly 23% from August, leading to a decrease in its spot market share to 27%.
Following Binance, OKX ranks second with a 14.1% market share, while Bybit holds the third position at 13.57%. Notably, Bitget has seen an increase in its market share, rising to 11%, which places it in fourth position among the largest exchanges.
This data highlights the competitive landscape of the crypto exchange market, with exchanges adjusting to shifting trading volumes as traders navigate a changing environment.
