FTX's collapse in November 2022 meant that the market share of Binance and other leading crypto exchanges changed significantly from one month to the next. Binance, for instance, regained some of the market share it had lost between September and October 2022, growing by 0.8 percentage points in the month of November. Kraken, especially, was affected as the increase of one percentage point is the largest it had seen since 2021. The strong market position of Binance can also be observed when investigating the trading for crypto pairs on such exchanges, such as for Bitcoin - with trades on Binance that involve both Bitcoin and stablecoins being common. News that Binance was to take over FTX in 2022 initially led to a crypto trading volume that was two to four times higher than it was in the previous days.
Biggest cryptocurrency exchanges based on trade volume market share from June 2023 to June 2024
Spot trading only, does not include derivatives; Monthly figures refer to the full trading within that month, not the end of the month
Supplementary notes
The numbers provided have been collected and calculated by Statista, and are based off CoinGecko data on the 24h trade volume in U.S. dollars. Figures are accurate as of the date of publication, but are likely to change over time due to changing cryptocurrency prices.
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Statista, & CoinGecko. (July 19, 2024). Biggest cryptocurrency exchanges based on trade volume market share from June 2023 to June 2024 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1347421/historical-market-share-of-crypto-exchanges/
Statista, und CoinGecko. "Biggest cryptocurrency exchanges based on trade volume market share from June 2023 to June 2024." Chart. July 19, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1347421/historical-market-share-of-crypto-exchanges/
Statista, CoinGecko. (2024). Biggest cryptocurrency exchanges based on trade volume market share from June 2023 to June 2024. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1347421/historical-market-share-of-crypto-exchanges/
Statista, and CoinGecko. "Biggest Cryptocurrency Exchanges Based on Trade Volume Market Share from June 2023 to June 2024." Statista, Statista Inc., 19 Jul 2024, https://www.statista.com/statistics/1347421/historical-market-share-of-crypto-exchanges/
Statista & CoinGecko, Biggest cryptocurrency exchanges based on trade volume market share from June 2023 to June 2024 Statista, https://www.statista.com/statistics/1347421/historical-market-share-of-crypto-exchanges/ (last visited November 21, 2024)
Biggest cryptocurrency exchanges based on trade volume market share from June 2023 to June 2024 [Graph], Statista, & CoinGecko, July 19, 2024. [Online]. Available: https://www.statista.com/statistics/1347421/historical-market-share-of-crypto-exchanges/
