<ul>
 <li>Binance’s market share has been reduced to around 43% from about 65%.</li>
 <li>OKX has seen an increase in market share from around 4% to about 11%.</li>
</ul>
<a href="https://ambcrypto.com/search/binance" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Binance [BNB]</a> is experiencing a gradual decline in market share, while <a href="https://ambcrypto.com/search/okx" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">OKX [OKB]</a> appears to be gaining momentum by capturing the lost market share. What is the current comparison between these two exchanges?
<h4>Binace’s loss, OKX’s gain</h4>
At the beginning of the year, <a href="https://ambcrypto.com/exploit-or-not-heres-the-latest-on-the-binance-oracle-venus-episode/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Binance</a> dominated the exchange market with a share of over 50%, specifically around 65%. Coinbase held a distant second place with around 8.2%, and OKX also had a market share of about 4.1%.&nbsp;
<a href="https://twitter.com/DefiIgnas/status/1738714889491759584?t=i13l_-cCjLrjxnSlaJdxLQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Recent data</a>, however, showed a shift in market dynamics. Binance’s market share has decreased to around 43.5%, signifying a loss of over 20%. The data observed showed that other exchanges have absorbed the loss. 
<a href="https://ambcrypto.com/okx-dex-falls-to-exploit-what-about-your-holdings/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">OKX</a> emerged as a major gainer, with its market share now at 11%. Additionally, Bybit experienced growth, increasing its market share to over 9%, while Coinbase’s share remained at around 8%.
<h4>Binance and OKX 24-hour trading volume</h4>
An examination of the 24-hour spot trading volume on <a href="https://coinmarketcap.com/rankings/exchanges/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">CoinMarketCap</a> showed that <a href="https://ambcrypto.com/binance-expands-horizons-sets-sights-on-thailand/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Binance</a> held the top position. Its trading volume was over $9.7 billion as of this writing. 
This dominance is further emphasized by its substantial popularity, which is evident in the weekly visits of over 13 million.
In comparison, <a href="https://ambcrypto.com/tether-and-okx-announce-the-largest-ever-usdt-freeze/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">OKX</a> had a trading volume of over$1.8 billion and a weekly visit count of over 6.5 million. OKX’s weekly visits and 24-hour volume outpaced Coinbase, which held the second rank.
Shifting the focus to derivative trading, Binance also took the lead with a 24-hour volume of over $38 billion, according to data from Coinglass. Additionally, Binance boasted an Open Interest of over $13 billion, as of the present analysis.
 In this category, OKX secured the second position with a 24-hour volume exceeding $14 billion and an Open Interest of over $4 billion.
<h4>OKB and BNB: Analyzing the trends</h4>
Examining the tokens of both exchanges showed an ongoing trend of declining values. However, BNB displayed a more positive trend, as it was trading at around $268 at press time, with a decline of nearly 1%. 
Despite this price drop, BNB’s overall trend remained strong, as evidenced by the Relative Strength Index (RSI) line. The line was above 60, indicating a bullish trend.
<div id="attachment_360327" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-24_10-00-35.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360327" decoding="async" class="wp-image-360327 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-24_10-00-35.png" alt="Binance BNB price trend" width="1475" height="785" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-24_10-00-35.png 1475w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-24_10-00-35-300x160.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-24_10-00-35-1024x545.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-24_10-00-35-768x409.png 768w" sizes="(max-width: 1475px) 100vw, 1475px"></a>
 Source TradingView
</div>
How much are <a href="https://ambcrypto.com/convert/1-bnb-to-usd" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">1,10,100 BNBs worth today</a>?
On the other hand, OKB was trading at around $55 at the time of writing, with a more moderate decrease in value. However, its RSI was below the neutral line, signaling a bearish trend. 
Despite the fall in value, the assessment suggested that BNB was showing a more positive market trend compared to OKB at the present moment.
<div id="attachment_360328" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/OKBUSDT_2023-12-24_09-58-07.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360328" decoding="async" class="wp-image-360328 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/OKBUSDT_2023-12-24_09-58-07.png" alt="OKX OKB price trend" width="1475" height="785" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/OKBUSDT_2023-12-24_09-58-07.png 1475w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/OKBUSDT_2023-12-24_09-58-07-300x160.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/OKBUSDT_2023-12-24_09-58-07-1024x545.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/OKBUSDT_2023-12-24_09-58-07-768x409.png 768w" sizes="(max-width: 1475px) 100vw, 1475px"></a>
 Source: TradingView
</div>

Will OKX outpace Binance in market share?

AMBCrypto

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