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.
I find very strange to see such a reduce in the marketshare of binance. This is not what is going on in Brazil.
-6% is a huge loss. Anyway, binance is still the largest exchange by volume. See this reduce is good, as it means the exchanges market is less centralized.