Binance’s Market Share Declines as OKX, Huobi and Bybit Gain Ground – Bloomberg

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Binance Holdings Ltd. is losing ground to other offshore platforms as the world’s largest crypto exchange confronts regulatory challenges and reduces zero-fee incentives for users.
The market share of Binance has dropped to 73% in mid July from 90% at the beginning of the year, based on spot trading volume data from Kaiko. Meanwhile, OKX’s share rose to 11%, nearly doubled from January. Huobi and Bybit have also increased their market share, now representing 9% and 7%, respectively, of global spot crypto trading volume.

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