According to ChainCatcher, recently, CCData, a crypto data platform, released a report on its outlook for the second half of 2024. The report lists the centralized exchange landscape and the changing market share dynamics. In the first half of the year, centralized exchanges (CEX) achieved substantial growth, with total spot trading volume reaching $10.6 trillion, an increase of 145% from the second half of 2023. Among them, Bitget had the largest increase in market share, reaching 38.4%, followed by Crypto.com and Bybit, which increased by 24.6% and 22.2%, respectively.
In the derivatives market, open interest on exchanges increased by 30.5% in May to $55.2 billion. The top three exchanges with the largest increases in open interest were Bitget (up 39.2%), Binance (up 33.2%), and OKX (up 22.1%).