November 21, 2019, 7:49AM EST
• 3 min read

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

Quick Take

  • Among 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 digits
  • Poloniex 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)

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