Year-to-Date Dominance in Spot Market Share
According to on-chain analytics firm CCData’s Exchange Review, crypto exchanges Upbit, Bybit, and OKX have seen the largest gains in spot market share this year. Upbit increased its dominance by 6.39%, while Bybit and OKX increased theirs by 4.89% and 3.86% respectively. Their market shares now stand at 9.20%, 5.80%, and 7.41% respectively.
On the other hand, exchanges like Binance, BeQuant, and Crypto.com have experienced a decline in market share by spot trading volume. Binance’s market share fell by 19.5%, while BeQuant and Crypto.com saw declines of 3.28% and 2.96% respectively. Their market shares now stand at 31.8%, 0.45%, and 2.03% respectively.
