Odaily Planet Daily News CoinGecko said in its recently released report that Binance is still the largest CEX, with a market share of 44% in June 2024, and its spot trading volume fell to an annual low of US$424.7 billion that month, a 22.7% decrease from May (US$549.8 billion). Bybit is the second largest CEX, with a market share of 12.7%, and a spot trading volume of US$117.9 billion in June, a decrease of 1.7% month-on-month; its market share in Q2 rose from third place in Q1 to second place. Upbit fell to 10th place, with a market share of 5% (a significant drop from 9% in Q1), and a trading volume of US$177.8 billion in Q2.