Jun 25, 2024

Since the crypto rally started in October 2023, Bybit has seen major gains.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let's take a look at the chart of the day by it is outshining other crypto exchanges. According to ko data. Since October, the exchange's market share has surged from 8 to 16% passing Coinbase to become the second largest crypto exchange behind finance. The data and analytics firm says one explanation for by its continued growth could be its competitive fees which are among the lowest in the industry that said other exchanges like Binance and OK X also offer low fees. So that can't be the only reason Kyo says that when analyzing spot trade volumes by asset, it's revealed that the increase in volume on buy bit has been driven by both Bitcoin and Ether whose market share rose from 17% to 53% since last year. That's it for today's chart of the day. I'm Jen San Asi. We'll see you next time to unpack more of the data behind top news stories.

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