0xScope releases the 2024 CEX market report: Binance's market share drops to 41.68%, still holding the top position

2024-10-22 10:21:33

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ChainCatcher news, 0xScope released the 2024 CEX market report. The report assesses significant changes in market share among various centralized exchanges (CEX) over the past year, collecting data from October 9, 2023, to October 9, 2024.

In this year's report, the 0xScope team covered 22 centralized exchanges, with the following key points:

1) Binance remains the leader in the global centralized exchange (CEX) market; however, its market share has decreased from 51.2% to 41.68%, with OKX, Bybit, and Bitget being the biggest beneficiaries of Binance's shrinking market share;

2) Spot trading volume: Binance's market share decreased by 13% year-on-year but still leads, while Bybit jumped from seventh to second;

3) Derivatives trading: Binance's market share fell by 8.4% year-on-year, while OKX, Bybit, and Bitget saw significant increases;

4) Platform tokens: BNB dominates the market, while MNT surpasses other tokens due to its Layer-2 platform.

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