CCData: Binance spot market share fell to 30.1% from 55% at the beginning of the year

CCData data shows that as of early December, Binance’s spot market share was 30.1%, compared with 55% at the beginning of the year. From January to September, monthly spot trading volume on the Binance platform fell by more than 70%, from $474 billion to $114 billion. CCData pointed out that although Binance’s market share continues to decline, the trading platform’s monthly transaction volume has begun to grow since September. Although Binance’s spot trading market share has declined over the past year, it remains by far the largest cryptocurrency trading platform by a clear margin. According to CCData, second place is OKX, with spot market share growing from 4% at the beginning of the year to 8% in December. Combining spot and derivatives trading data, Binance’s market share fell from 60% to 42%, while OKX’s market share increased from 9% to 21%. (CoinDesk)