⚡️ Spot and derivatives trading king competition: Binance leads with over 100 trillion, who will dominate the future?
⚡️ Overview of spot and derivatives trading volume rankings of trading platforms
Trading volume king: Binance
Binance is the leader in the cumulative ranking of spot and derivatives trading volume.
According to CCData data on October 19, Binance's cumulative trading volume has exceeded the astonishing 100 trillion US dollars, ranking first in the industry.
The giant following closely behind: OKX
Following Binance is OKX, whose spot and derivatives trading volume has accumulated to 24.9 trillion US dollars.
Although there is a gap compared with Binance, OKX still ranks second with its strong strength.
The third tier: Bybit and Bitget
In the third tier of trading volume ranking, Bybit and Bitget are competing fiercely.
Bybit ranked third with a cumulative trading volume of $13.2 trillion, while Bitget ranked fourth with $10.9 trillion. Although the gap between the two is small, it is enough to show the fierceness of market competition.
Fifth place: HTX
Ranked fifth is HTX, with a cumulative spot and derivatives trading volume of $10.2 trillion.
Although it failed to enter the top three, HTX's position in the industry remains solid, showing strong market competitiveness.
In summary, the competition landscape in the spot and derivatives trading market is becoming increasingly fierce, and major trading platforms have demonstrated strong market influence and trading volume strength.
In the future, with the continuous development of the market, this competitive landscape may usher in more variables.
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