TechFlow news — 0xScope has released its 2023 CEX Market Report. In terms of market trading volume, after excluding exchanges lacking derivatives businesses such as Coinbase and Upbit, Binance holds 51.2%, OKX holds 13.4%, Bybit holds 9.6%, and Bitget holds 7%.
In spot trading, Binance's spot trading volume is relatively large, accounting for 52.5% of total market share. Upbit ranks second (6.8%), showing significant growth in recent weeks, while Coinbase's market share remains stable between 5% and 7%. Regarding CEX derivatives trading, Binance’s derivatives trading volume accounts for 50.9% of the market, while OKX, Bybit, Bitget, and MEXC form a second-tier group of derivatives exchanges, collectively holding 42.3% market share.
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