Trading volume on the largest crypto exchanges fell by 16% over the year.

Trading volume on the 10 largest centralized exchanges (CEX), whose combined market share exceeds 95%, fell by 16% to $34.26 trillion by the end of 2023, experts from research firm TokenInsight write in a new report. Binance's share has dropped from 54.2% to 48.7% and the exchange still maintains a dominant position. On the contrary, the OKX and Bybit platforms showed the most significant growth, increasing their market shares by 4.3% and 2.2%, respectively.

TokenInsight Report

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