Financial Digest

Bybit surpasses Coinbase in market share after Binance's decline

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Finance Finance Headlines News

Bybit has overtaken Coinbase to become the second-largest crypto exchange globally, thanks to increased trading volume and Binance’s regulatory struggles impacting its market share.

Bybit became the world’s second-largest crypto exchange, while the leading exchange, Binance, has lost some market share due to previous regulatory issues.centralized crypto exchange

Bybit’s growing market share could partly be attributed to Binance’s past regulatory issues, which caused the world’s largest exchange crypto exchange to lose some of its dominance over the industry.As Bybit’s market share has grown over 8% during the past eight months, Binance has been losing traction.

Despite the initial allegations, there was no evidence of user fund misappropriation. Binance remains the world’s largest crypto exchange by trading volume.Similar to other exchanges, Bybit introduced zero-fee trading for Circle's USD stablecoin in February 2023, which may have contributed to the increased trading volume.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dogwifhat (WIF) Skyrockets 103% in Volume - What's Happening?Dogwifhat (WIF) sees major trading activity on Binance, Bybit and OKX
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitsgap Adds ByBit Futures to Its Trading TerminalBitsgap Adds ByBit Futures to Its Trading Terminal
Source: Utoday_en - 🏆 295. / 63 Read more »