Bybit and OKX have achieved record highs in their combined Derivatives market share. According to the latest Exchange Review by CCData, Bybit now holds an aggregated market share of 11.94%, while OKX dominates with 20.2%, totaling over 32% in November.
This surge in market share comes when industry giant Binance is experiencing a decline in its dominance despite an overall increase in trading volumes.
Binance Leads in Derivatives Volume as OKX, Bybit Show Growth
November has seen Binance maintain its position as the largest derivatives exchange in monthly volume, trading $1.26 trillion, up 30.5% from October.
However, OKX and Bybit showed the most significant growth, with increases of 53.8% and 42.9%, trading at $660 billion and $375 billion, respectively.
This week’s Chart of the Week highlights how Bybit and OKX reached all-time highs in terms of combined Spot/Derivatives market share.
Bybit now captures an aggregated 11.94%, whilst OKX captures 20.2% in November – a combined mar
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