Bybit and OKX have actually attained record highs in their combined Derivatives market share. According to the current Exchange Review by CCData, Bybit now holds an aggregated market share of 11.94%, while OKX controls with 20.2%, amounting to over 32% in November.
This rise in market share comes when market giant Binance is experiencing a decrease in its supremacy in spite of a total boost in trading volumes.
Binance Leads in Derivatives Volume as OKX, Bybit Show Growth
November has actually seen Binance preserve its position as the biggest derivatives exchange in month-to-month volume, trading $1.26 trillion, up 30.5% from October.
OKX and Bybit revealed the most substantial development, with boosts of 53.8% and 42.9%, trading at $660 billion and $375 billion, respectively.
Today’s Chart of the Week highlights how Bybit and OKX reached all-time highs in regards to combined Spot/Derivatives market share.
Bybit now catches an aggregated 11.94%, whilst OKX catches 20.2% in November– a combined market share of over 32%! pic.twitter.com/gifhRPUJaO
— CCData (@CCData_io) December 6, 2023
In a year-to-date analysis, Upbit, Bybit, and OKX have actually revealed considerable gains in area market share. Upbit increased its supremacy by 6.39% to 9.20%,
