There was a 5% decrease in the market share of Binance, the world’s largest cryptocurrency exchange.
According to TokenInsight data, Binance’s market share among crypto exchanges increased in November From 54.2% to 32% fell. This rate then gradually increases to around 48% rose.
Binance faces US authorities in November 2023 for violating sanctions laws $4.3 billion had reached a compromise. Market share of the stock exchange in the first half of 2023 Between 52% and 60% It was changing.
Names that benefited most from the decline in Binance’s market share OKX and Bybit It was announced that.
Binance’s market share in the derivatives market decreased from 55.9% to 50.4% Even though the stock market continues to dominate the market.
The value of open positions on the 10 largest derivative crypto exchanges at the end of 2023 increased by 60% compared to the beginning of the year. The smallest number recorded was on March 11 $19.4 billion While the highest number $35.2 billion on December 28 happened.