Summary of Binance derivatives market share shrinks to 2020 levels as CEX trading slumps

Summary of Binance derivatives market share shrinks to 2020 levels as CEX trading slumps
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quoting nevent1q…muhg

Binance derivatives market share shrinks to 2020 levels as CEX trading slumps
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/01925337-5200-7e35-90e5-389ec338f17a

While Binance and other centralized exchanges saw activity decline in September, Crypto.com witnessed its trading volume reach an all-time high.

https://cointelegraph.com/news/binance-derivatives-market-share-shrinks-2020-levels-cex-trading-slumps

Binance, a global crypto exchange, experienced a significant decline in trading activity in September, while Crypto.com witnessed its trading volume reach an all-time high. The decline in activity affected both spot and derivatives trading volumes, with Binance's market share slumping to 36.6%. Meanwhile, Crypto.com's spot and derivatives volumes rose 40.2% and 42.8%, respectively, making it the fourth-largest exchange by volume.