Bullet points of Binance derivatives market share shrinks to 2020 levels as CEX trading slumps
Bullet points of Binance derivatives market share shrinks to 2020 levels as CEX trading slumps
- Binance's trading volume declined by 21% to $1.25 trillion in September, the lowest level since October 2023.
- Binance's derivatives market share stood at 40.7% at the end of the month, the lowest since September 2020.
- Binance's spot trading volume dropped by 22.9% to $344 billion, marking the lowest monthly spot volume since November 2023.
- Crypto.com's spot and derivatives volumes rose 40.2% and 42.8%, respectively, in September.
- Crypto.com has become the fourth-largest exchange by volume, with a combined market share of 11% in September.
- Binance's trading volume declined by 21% to $1.25 trillion in September, the lowest level since October 2023.
- Binance's derivatives market share stood at 40.7% at the end of the month, the lowest since September 2020.
- Binance's spot trading volume dropped by 22.9% to $344 billion, marking the lowest monthly spot volume since November 2023.
- Crypto.com's spot and derivatives volumes rose 40.2% and 42.8%, respectively, in September.
- Crypto.com has become the fourth-largest exchange by volume, with a combined market share of 11% in September.