Crypto exchanges, including Bybit and OKX, are challenging Binance's Bitcoin trading dominance worldwide.

Crypto exchanges, including Bybit and OKX, are challenging Binance's dominance in Bitcoin trading worldwide. Research firm Kaiko reported that Binance's share of Bitcoin trading outside the US has dropped to 55.3% from 81.3%, partly due to the end of a trading fee promotion. The reshaping of the digital-asset industry's competitive dynamics is attributed to overseas expansion efforts and changing regulations.

April 23, 2024
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