TechFlow news — Recently, cryptocurrency institutional data platform CCData released its H2 2024 outlook report. The report outlines the landscape of centralized exchanges and shifting market share dynamics. Centralized exchanges (CEX) saw significant growth in the first half of the year, with total spot trading volume reaching $10.6 trillion—up 145% compared to the second half of 2023. Bitget recorded the largest market share increase at 38.4%, followed by Crypto.com and Bybit, which grew 24.6% and 22.2% respectively.
In the derivatives market, open interest across exchanges increased by 30.5% in May, reaching $55.2 billion. The top three exchanges by open interest growth were Bitget (up 39.2%), Binance (up 33.2%), and OKX (up 22.1%).
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