0xScope 2023 CEX Report: Binance accounts for 51.2% in terms of market trading volume, followed by OKX, Bybit and Bitget

According to the TechFlow report by 0xScope, in the 2023 CEX market, excluding Coinbase and Upbit which lack derivative business, Binance accounts for 51.2% of the market trading volume, OKEx accounts for 13.4%, Bybit accounts for 9.6%, and Bitget accounts for 7%.

In terms of spot trading, Binance has a relatively large market share, accounting for 52.5% of the total market share. Upbit ranks second (6.8%) and has seen a significant increase in recent weeks, while Coinbase's market share remains stable at 5%-7%. In terms of CEX derivative trading, Binance accounts for 50.9% of the market share, while OKEx, Bybit, Bitget, and MEXC make up the second tier of derivative exchanges (with a total market share of 42.3%).

CEX

Comments

All Comments

Recommended for you

PermaDAO ·

Wealth Creation Effect Emerges! AO, the Hyper-Parallel Computer, Released for Two Months: Surge in Network Activity, AI-Powered Financial Infrastructure Leading the Comprehensive Development of the Ecosystem

Over the past two months in the crypto market, MEME concept coins have shown remarkable performance, resembling the potential of value coins.
CryptoBrand ·

Web3 Community Growth Strategies: How to Build a Successful Community

Use TaskOn to maximum your project's growth.
CryptoQuant: Bitcoin demand is now in acceleration mode again after two months of decline

On May 16th, cryptocurrency analysis company CryptoQuant stated in a report that despite a rebound in Bitcoin demand from the low point of the accumulation range, after two months of downward trend, Bitcoin demand is once again in "acceleration mode".
Cointime精选 ·

Identifying Seller Exhaustion Across Multiple Timeframes

Using our new Breakdown Metrics, we are now able to discretely isolate points of severe unrealized loss, and investor capitulation. In this article, we introduce a new framework to assess seller exhaustion across multiple timeframes and investor cohorts.
Cointime精选 ·

Crypto Derivatives: Analytics Report – Week 20

Volatility has gradually risen across the term structure as BTC trades near its range lows of $60K, but has still not deviated from its longer term downward trend. ETH continues to trade 5-7 vols higher than BTC.
MIIX Capital ·

MIIX Capital Crypto Weekly Report（0506-0512）Diminishing Uncertainty, Macro Signals Crucial

Market volatility eases, US ETFs show net inflows, hinting at a rebound. DeFi, GameFi funding surges. BTC dip escalates losses, prompting oscillation. US inflation data pivotal.
PermaDAO ·

Arweave Market Intel

In the current market, characterized by high volatility and rapid moves to the downside, reallocating capital towards assets demonstrating relative strength is key to continue being in the market.
Fed's Schmid: Low interest rate environment "may not necessarily" return

The Federal Reserve's Schmid said that the overall economy is still strong. Inflation is still too high, and the Federal Reserve has more work to do. Interest rates may remain high for a period of time, and I prefer to reduce the Federal Reserve's balance sheet as much as possible under the premise of compliance with the operating framework. The low interest rate environment may "not necessarily" return.
a16z partner: Americans have accepted digital assets, but current regulatory approaches limit innovation and privacy

Web3 supporter and a16z partner Chris Dixon (cdixon.eth) posted on social media that in the next two weeks, the House of Representatives will vote on the most important crypto legislation to date, the "21st Century Financial Innovation and Technology Act" (FIT21). We have long called for clear regulation to protect consumers and innovation, and the FIT21 bill will achieve this.
Tether CEO: Ripple CEO's comments spread fear about USDT

According to reports, Tether CEO Paolo Ardoino responded to comments made by Ripple CEO Brad Garlinghouse in a recent interview about the stablecoin Tether (USDT) on social media. Garlinghouse stated in the interview that the US government is pursuing Tether, which is clear to me. Ardoino said that an uninformed CEO leading a company under SEC investigation launched a competitive stablecoin (cui prodest), spreading fear about USDT. Ardoino emphasized Tether's critical role in providing financial services to unbanked communities in emerging and developing regions, which are often overlooked by traditional financial institutions. He further asserted that Tether adheres to strict transparency and regulatory compliance standards, as evidenced by its compliance with the OFAC/SDN list, its partnership with Chainalysis, and its extensive collaboration with international law enforcement agencies to detect and prevent illegal activities, thereby enhancing the security of its ecosystem.