Current Market Shares of Exchange Platforms: Binance Still in Lead

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Fri, 11/16/2018 - 12:33
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Alexander Goborov
The latest independent statistics show that Binance is ahead of rivals with 15% of the crypto exchange market
Current Market Shares of Exchange Platforms: Binance Still in Lead
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Today, we bring you independent statistics on some of the major crypto exchange platforms and their corresponding market shares this year:

Crypto exchange platforms

The Chinese Binance, now based in Japan, is in lead with 15% of the market, followed by OKEx with around 12%, then it’s Upbit with just under 12%, the Singapore-based Huobi is with just under 11%, the Hong-Kong based Bitfinex with around 8%, followed by other platforms, among them Bittrex (USA), Kraken (USA), and HitBTC (Hong-Kong), all with around 2% of the market.

Roughly a quarter of the market is unaccounted for, i.e. it is comprised of numerous small exchanges, both new and old.

More info can be found here:

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About the author

Alexander Goborov (MSc) is U.Today’s chief editor of analytics. Before joining our publication, he worked in research and education, and, briefly, as an academic ghostwriter.

His articles range from scientific to creative, among them those that came out in Journal of Language Learning, St Petersburg Times, and Kommersant.

At U.Today, he and his team specialize in the economic analysis of the Blockchain market, infographics, as well as interviews.