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iode
@iode
In spot trading, Binance's market share has drastically decreased, falling from 52.5% to 39.5% as rivals Bybit and OKX grow in the cryptocurrency exchange sector. Over the past year, Binance, the biggest cryptocurrency exchange in the world, has seen a sharp drop in its market domination. Binance's once-invincible position in the cryptocurrency trading market is eroding as competition from both centralized and decentralized exchanges (DEXs) intensifies. As competitors like Bybit, Bitget, and OKX continue to gain ground, Binance's share of spot and futures trading has suffered notable declines, according to a research published by 0xScope.
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