In a recent analysis by CCData, it was noted that leading cryptocurrency exchanges have made substantial gains in market share throughout 2024. Specifically, Bitget, Coinbase, and Crypto.com have emerged as frontrunners, expanding their market shares by 4.05%, 3.89%, and 3.39%, respectively, which now account for 10.5%, 5.43%, and 4.71% of the total market in spot and derivatives trading. The data reveals that Bitget experienced a remarkable increase in spot trading activity, witnessing a staggering 97.6% rise in December, totaling $159 billion. This surge marks a historic peak for Bitget, surpassing previous records since April 2024. Such significant growth underscores the ongoing evolution of the crypto landscape and the intensifying competition among exchanges to capture market share in an increasingly dynamic industry.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024