TechFlow news, according to data from CCData, Binance's market share in December was only 30.1%, down from 55% at the beginning of the year. From January to September, the exchange's monthly spot trading volume dropped by more than 70%, falling from $474 billion to $114 billion. Despite Binance's decline in spot trading market share over the past year, it remains by far the largest cryptocurrency trading platform by market size, maintaining a clear lead.
According to CCData, OKX ranks second, with its spot market share increasing from 4% at the beginning of the year to 8% in December. Considering both spot and derivatives trading data, Binance's overall market share declined from 60% to 42%, while OKX's market share rose from 9% to 21%.
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