• Bitget, Coinbase, and Crypto.com are rising their prime market share in spot buying and selling.
• OKX, Binance, and HTX skilled the biggest declines in market share progress.
• Binance stays the cryptocurrency change with the very best common every day buying and selling quantity.

Based on a latest CCData report, Bitget, Coinbase, and Crypto.com took the highest spot by way of complete market share progress within the spot and derivatives market. The report reveals that these three platforms will develop considerably in 2024. Bitget’s market share elevated by a formidable 4.05%, whereas Coinbase and Crypto.com recorded progress of three.89% and three.39%, respectively.

These will increase introduced Bitget’s market share within the spot and derivatives market to 10.5% in 2024. The market share of Coinbase and Crypto.com additionally elevated to five.43% and 4.71% respectively. A key discovering from the CCData report is that Bitget’s spot buying and selling quantity has surged an astonishing 97.6%. The cryptocurrency change hit a document excessive of $159 billion in spot buying and selling quantity in December 2024.

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The CCData report additionally revealed that Bybit and CoinW recorded constructive buying and selling volumes in the course of the evaluate interval. Nonetheless, OKX, Binance, and HTX suffered the biggest market share losses in 2024. OKX’s market share decreased by 8.46% and ended the 12 months with a lower of 12.4%. Binance’s share fell by 7.49%, leading to a 35.1% deficit, whereas HTX’s spot buying and selling quantity decreased by 0.37%, leading to a 0.98% deficit for the 12 months.

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Necessary issues to notice: Development fee and general ranking

It is very important notice that the CCData report focuses on the expansion fee of spot buying and selling platforms over a selected time period. This isn’t an general ranking. For instance, though there was a big decline in the course of the interval into account; Binance stays the highest cryptocurrency change by buying and selling quantity.

Based on a latest report, Binance’s common every day buying and selling quantity is round $35 billion, roughly double that of the second-largest spot buying and selling platform, Zedcex Trade. Different prime buying and selling platforms on this class embrace Crypto.com, BTCC, and Bybit, every with a mean every day buying and selling quantity of over $9 billion.