Binance, Bitget, and Bybit Dominate Top Ten CEXs Based on 24-Hour Trading Volume

The crypto trading sector has recently witnessed a notable shift across the CeFi sector, just like DeFi, which has jumped by 1.93% in TVL over the past twenty-four hours. In this respect, as of September 4, Binance, Bitget, and Bybit have taken the top spots among the prominent 10 centralized exchanges (CEXs) in terms of 24-hour volume.

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As per the data from CryptoRank.io, the top 10 CEXs in this respect include Binance, Bitget, Bybit, Gate.io, Crypto.com, Coinbase, OKX, Kraken, HTX, and WEEX. Particularly, the recent surge of Bitget indicates a significant development, showing expansion in its influence in the market.

Binance Stands Atop CEXs with $15.29B in 24-Hour Trading Volume

As the data reveals, Binance stands atop the other centralized exchanges when it comes to 24-hour trading volume. Hence, the well-known crypto exchange has reached the $15.29B mark in terms of 24-hour trading volume. As a result of this, Binance now accounts for a staggering 25.83% market share.

Bitget Secures 2nd Position, Making Stunning Jump in Trading Volume

Subsequently, Bitget has reportedly made a noteworthy jump, claiming the 2nd position among the CEXs in the case of 24-hour trading volume. Hence, while being 2nd only to Binance, Bitget has touched $3.20B in the meantime. With this increase, the popular crypto exchange now accounts for 5.47% market share in total. Subsequently, Bybit stands in the 3rd place with a $3.06B in 24-hour trading volume, while its market share is 5.15%.

Apart from that, Gate.io is sitting in the 4th position as its 24-hour trading volume has claimed the $2.97B spot, with its market share accounting for 5.01%. Additionally, Crypto.com is the 5th top CEX on the list with $2.48B in 24-hour trading volume and 4.17% market share. After that, Coinbase has claimed 4.14% market share while its 24-hour trading volume is $2.46B.

WEEX Occupies 10th Position among Key CEXs in Terms of 24-Hour Volume

Following that, CryptoRank.io’s list of top CEXs based on 24-hour trading volume includes OKX, with its volume and market share reaching $2.45B and 4.13% respectively. Additionally, Kraken has attained the $2.32B mark in 24-hour volume while its market share is up to 3.90%.

Coming after that, HTX occupies 3.57% market share along with its 24-hour trading volume touching $2.12B. In the end, WEEX is the 10th top CEX as its 24-hour trading volume is $1.38B apart from a market share touching 2.33%.