Binance BTC Trading Share Plummets, Bybit and OKX Rise in Asia

IconCrypto News Terminal23 Apr, 2024

cryptonews.jpg

Binance BTC Trading Share Plummets, Bybit and OKX Rise in Asia

Binance's dominance in the cryptocurrency trading market has decreased, according to recent data from Kaiko cited by Bloomberg. The exchange's BTC trading share among global cryptocurrency exchanges dropped from 81.3% last year to 55.3%. In the case of altcoins, it decreased from 58% to 50.5%. On the other hand, Bybit and OKX have expanded their presence in Asia. Their BTC trading share outside the US increased from 2% to 9.3% and from 3% to 7.3%, respectively, over the year. Previously on 23 April 2024, "Bloomberg reported, citing Kaiko data, that Binance's BTC trading share among global cryptocurrency exchanges dropped from 81.3% last year to 55.3%. In the case of altcoins, it decreased from 58% to 50.5%. On the other hand, Bybit and OKX expanded their presence in Asia, with their BTC trading share outside the US increasing from 2% to 9.3% and from 3% to 7.3%, respectively, over the year."

Related News