Binance's Market Share Shrinks in 2023
According to a report by OxScope, Binance currently dominates with over 50% of the total cryptocurrency trading volume on centralized exchanges. However, their spot trading share decreased from 62% a year ago to 40% by October 2023, while their derivatives market share remained around 50% throughout much of the year.
![image Jixu](https://image.coinlive.com/24x24/cryptotwits-static/62d2975bf380a1236a57b1bc58cd1759.jpeg)