Binance and Bybit Fill FTX’s Gap: New Masters of Bitcoin (BTC) Market Share

After the bankruptcy of FTX, one of the world’s largest cryptocurrency exchanges, Binance and Bybit shared the market share of the stock market in Bitcoin (BTC) derivatives.

By digital asset data provider Kaiko 21 November In a research report shared on the blog site on , after the FTX bankruptcy, the stock market Bitcoin derivatives in the market 10% off It was revealed that its share was distributed between Binance and Bybit.

Binance and Bybit took over the share of FTX, which dominates about 10% of the Bitcoin derivatives market in early November, after its bankruptcy. Binance’s total market share in November from 56% to 63% market share of FTX by increasing 7% of Bybit took its market share in November. 3% was able to expand. Bitmex, Deribit and OKX There was no change in the market shares of other exchanges operating in the Bitcoin derivatives market, such as Bitcoin.

Moreover Alameda Research’s The deep liquidity gap created after it stopped trading activities was almost completely closed by other market makers. The amount of assets in the Bitcoin market From 6.8k BTC to 9.1 thousand BTC rose.

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