PANews reported on October 21 that 0xScope released the 2024 CEX market report. The key points are as follows:
Binance is still the leader in the global centralized exchange (CEX) market, however, its market share has dropped from 51.2% to 41.68%, with OKX, Bybit, and Bitget becoming the biggest beneficiaries of Binance's shrinking market share;
Spot trading volume: Binance's market share decreased by 13% year-on-year but still led the market, while Bybit jumped from seventh to second;
Derivatives trading: Binance's market share fell 8.4% year-on-year, while OKX, Bybit, and Bitget rose sharply;
Exchange Coins: BNB dominates the market, while MNT surpasses other tokens due to its Layer-2 platform.
