Binance and Crypto.com Lose Market Share as DEXs Gain Traction

Quick Summary:

Binance and Crypto.com Lose Market Share as DEXs Gain Traction In a notable shift within the cryptocurrency exchange landscape, Binance and Crypto.com are experiencing a decline in their market share.

According to a 0XScope research report shared with Cointelegraph, Binance’s spot trading volume has decreased from 52.5% to 39.

The declining market share of Binance and Crypto.com, coupled with the rising traction of DEXs, marks a significant evolution in the cryptocurrency exchange ecosystem.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: BINANCE Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 13:35:28 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1007 words

Reading Time: 6 minutes read

Sentences: 50 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23202136

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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