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03 October, 2024

Binance’s Dominance Wanes: Derivatives Market Share Drops to 2020 Levels

03 October, 2024

The crypto market experienced a significant shift in September, as Binance, a leading centralized exchange (CEX), witnessed a decline in its derivatives market share, bringing it back to levels last seen in 2020. This downturn in CEX trading activity coincided with a surprising surge in volume for Crypto.com, which achieved an all-time high in trading activity during the month.