TechFlow news, October 21 — Blockchain data analytics platform 0xScope released its 2024 Centralized Exchange (CEX) Market Report. The report shows that although Binance remains the leader in the global CEX market, its market share has declined from 51.2% last year to 41.68%.
In spot trading, Binance's market share decreased by 13% year-on-year but still maintains its leading position. Bybit performed notably, rising from seventh to second place. In derivatives trading, Binance's market share dropped by 8.4% year-on-year, while OKX, Bybit, and Bitget achieved significant growth.
Regarding exchange tokens, BNB continues to dominate the market; MNT surpassed other tokens due to its advantages on the Layer-2 platform. Additionally, DEX trading volume has now reached 15% of CEX volume.
