Spot

Coin

<ul class="news-points"> 
 <li>Binance has retained its position as the top crypto exchange despite a 19% decline in its market share.</li> 
 <li>The crypto giant also witnessed a 49% decline in its monthly trading volume since the beginning of 2023.</li> 
 <li>Upbit and OKX are the second and third largest crypto exchanges by market share, respectively.</li> 
</ul> 
Binance has managed to retain its top spot in the list of centralized <a href="https://coinedition.com/what-is-a-cryptocurrency-exchange-how-does-it-work/" rel="noopener noreferrer nofollow">crypto exchanges</a>. Despite losing more than 19% of the crypto market share and witnessing a 49% decline in the total trading volume since the beginning of the year, Binance remains the world’s largest crypto exchange, followed by Upbit and OKX. 
According to a market research report compiled by crypto analytics platform CoinGecko, <a href="https://coinedition.com/binance-exchange-review/" rel="noopener noreferrer nofollow">Binance</a>’s market share stood at 51.7% as of June 2023. The crypto giant reported a spot trading volume of $217.6 billion in February, down from $466 billion in January 2023. The yearly high in terms of trading volume was recorded in March 2023, when users on Binance traded a whopping $559.8 billion worth of crypto assets. 
South Korea-based Upbit came in second, with a market share of 8.1% and a spot trading volume of $36.8 billion as of June 2023. While the exc… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/binance-retains-top-spot-despite-49-decline-in-trading-volume/">Binance Retains Top Spot Despite 49% Decline In Trading Volume</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Binance Retains Top Spot Despite 49% Decline In Trading Volume

Coin Edition

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