According to the latest market data and analysis report (as of 2024), the rankings and market shares of global cryptocurrency exchanges are roughly as follows:
1. Binance - Market share approximately 30%. Binance is one of the largest cryptocurrency exchanges in the world, known for its high liquidity, wide range of trading pairs, and robust platform features.
2. Coinbase - Approximately 15% market share. Coinbase primarily dominates the U.S. market and is favored by retail and institutional investors.
3. Bybit - Market share approximately 10%. Bybit has established a strong position in the market with its futures and derivatives trading.
4. Kraken - Approximately 9% market share. Kraken is known for its security and support for emerging markets.
5. Huobi - Market share approximately 8%. Huobi is highly competitive in the Asian market, especially in mainland China and Hong Kong.
6. Gate.io - Approximately 7.5%. Gate.io offers trading in niche cryptocurrencies, attracting a large number of users seeking diverse investments.
7. OKX - Market share approximately 7%. OKX provides a wide range of financial services, including spot and futures trading.
