Crypto-Follow logo Crypto-Follow logo
TheBlock 2019-11-21 12:49:26

Spot Market Trends: Binance’s dominance on the rise while Bitfinex continues to underperform

Quick TakeAmong the Bitwise Real 10 exchanges, Binance’s market share has increased from 53% in July to 67% this month, likely caused by increased traffic from its new product launches (margin trading, futures, lending, Yuan-to-crypto OTC trading, etc.)Although Bitfinex has shown short bursts of outperformance during periods of large BTC price swings, its market share has declined from 18% at the start of the year to mid-single digitsPoloniex experienced a bump in market share in November thanks to 0% spot trading fees (a promotion that will last till the end of the year)

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer