Binance and Crypto.com’s Market Share Drops as Decentralized Alternatives Gain Traction

TL;DR Binance and Crypto.com lose market share to smaller competitors and DEXs. Bybit and OKX are taking advantage of Binance’s drop, significantly increasing their share. Trading volumes on DEXs have grown, reaching 13.6% of total trading volumes. The cryptocurrency ecosystem is undergoing a remarkable transformation, with centralized exchanges like Binance and Crypto.com losing ground to ...... source: https://crypto-economy.com/binance-and-crypto-coms-market-share-drops-as-decentralized-alternatives-gain-traction/