Cryptocurrency Q&A
What happened to Binance's share in the crypto spot market?
What happened to Binance's share in the crypto spot market?
Martina
Tue Feb 25 2025
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answers
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I'm curious about the recent changes in Binance's share of the cryptocurrency spot market. Have they increased or decreased their market share? What factors might have influenced this change?
6 answers
Davide
Thu Feb 27 2025
This decrease indicates a shift in the market, with other exchanges potentially gaining ground.
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alexander_rose_writer
Thu Feb 27 2025
Industry data provider CCData has revealed some significant shifts in the market share of major cryptocurrency exchanges.
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Valentino
Thu Feb 27 2025
In addition to the spot market, Binance's hold on the crypto derivatives market has also weakened. In December 2022, Binance had a 64 per cent market share in this sector.
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Giulia
Thu Feb 27 2025
As of recent data, Binance's share of the crypto derivatives market has shrunk to 48 per cent, indicating increased competition in this area as well.
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Riccardo
Thu Feb 27 2025
Binance, which was dominant in the crypto spot market earlier this year, has seen its share decline. At the start of the year, Binance held over 50 per cent of the market.
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