"Binance Maintains Top Position Despite Slight Decrease in Market Share"

Son Min

Summary

The global virtual asset exchange Binance reported a slight decrease in market share to 36.5% in the first quarter but still maintains its top position.
According to TokenInsight, Binance's first-quarter trading volume reached $8.39 trillion, reflecting high investor interest.
The exchange with the largest increase in market share was GateIO, which rose by 2.07% to 5.41% compared to the previous quarter.

The global virtual asset (cryptocurrency) exchange Binance has seen a slight decrease in market share but still maintains its top position.

On the 18th (local time), TokenInsight reported that "Binance holds a 36.5% market share as of the first quarter of this year, maintaining its position as the number one centralized exchange," and added, "The trading volume for the first quarter reached a staggering $8.39 trillion." It continued, "The second and third places were taken by OKX and Bybit, respectively."

According to TokenInsight data, Binance's market share this year is 36.5%, a decrease of 1.38% compared to the fourth quarter of last year (37.89%). OKX's market share in the first quarter was 13.26%, a decrease of 0.13% compared to the fourth quarter of last year (13.38%), and Bybit's share (13.95%) decreased by 0.38% during the same period.

The exchange with the largest increase in market share was GateIO. GateIO's market share rose by 2.07% compared to the fourth quarter of last year (3.34%), reaching 5.41%.