Re: Exchanges growth according to trading volume last year?
Last year brought surprising trends in how the market reacted especially toward the end of the year. A biggest shift in the market during the last month led to massive trading volumes across exchanges.
Based on results from CCData, there are some changes in combined market share (spot and derivatives market). These exchanges were the biggest beneficiaries of 2024.
Even though, Binance and OKX faced market share losses, Bitget and Coinbase were among the top gainers. This isn't surprising since they have been doing something like bringing out powerful trading tools and giving out earning opportunities through events, savings, launchx, poolx, which attracted users in large.
So, what factors do you guys think will drive market share changes in 2025?
Based on results from CCData, there are some changes in combined market share (spot and derivatives market). These exchanges were the biggest beneficiaries of 2024.
Even though, Binance and OKX faced market share losses, Bitget and Coinbase were among the top gainers. This isn't surprising since they have been doing something like bringing out powerful trading tools and giving out earning opportunities through events, savings, launchx, poolx, which attracted users in large.
So, what factors do you guys think will drive market share changes in 2025?
What I can deduce from this information is that there's a shift happenings in Cex dominance and it won't favour the top exchanges that we all know. As a trader, I choose platforms with fast listing ability and products that'll aid my journey I guess that's why we can see some dominance of the platforms on your chart. Is there any link for more details on this analysis?.