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Binance and Cryptoсоm are losing market share to smaller rivals, while decentralized exchanges (DEXs) are gaining momentum
⚫️ Binance's spot market share fell from 52.5% to 39.5% in a year. ⚫️ Bybit surged to 8.51% market share, becoming the second-largest exchange. ⚫️DEX trading volumes grew, surpassing $250bn in March and June. ⚫️Despite losses, Binance still handled over $22.5tr in trading volume.