Binance’s market share has been reduced to around 43% from about 65%.
OKX has seen an increase in market share from around 4% to about 11%.
Binance [BNB] is experiencing a gradual decline in market share, while OKX [OKB] appears to be gaining momentum by capturing the lost market share. What is the current comparison between these two exchanges?
Binace’s loss, OKX’s gain
At the beginning of the year, Binance dominated the exchange market with a share of over 50%, specifically around 65%. Coinbase held a distant second place with around 8.2%, and OKX also had a market share of about 4.1%.
Recent data, however, showed a shift in market dynamics. Binance’s market share has decreased to around 43.5%, signifying a loss of over 20%. The data observed showed that other exchanges have absorbed the loss.
OKX emerged as a major gainer, with its market share now at 11%. Additionally, Bybit experienced growth, increasing its market share to over 9%, while Coinbase’s share remained at
We współpracy z: https://ambcrypto.com/will-okx-outpace-binance-in-market-share/
