Summary
- It was reported that the Bitcoin spot trading market share of the global cryptocurrency exchange Binance is nearing 37%.
- CryptoQuant stated that in the first half of this year, Binance accounted for 37.34% of the global Bitcoin spot trading volume.
- The combined market share of major exchanges such as Bybit, Coinbase, and OKX was reported to be only 29%.
It has been reported that Binance, a global cryptocurrency exchange, is nearing a 37% market share in Bitcoin spot trading.
On the 8th (local time), CryptoQuant announced on X (formerly Twitter), "In the first half of this year, Binance accounted for 37.34% of the global Bitcoin spot trading volume."
This amounts to approximately $344 billion, an overwhelming level compared to other exchanges. The combined market share of cryptocurrency exchanges such as Bybit, Coinbase, and OKX was only 29%.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
