Crypto exchanges Huobi and OKX benefited after rival Binance curbed a zero-fee promotion and shed market share within the spot buying and selling of digital belongings, in keeping with knowledge from analysis firm Kaiko.
Binance’s share of spot-trading volumes fell to 51% by Might 6 from 73% simply earlier than the favored promotion was largely scrapped on March 22. Huobi’s hit 10% from 2% and OKX’s 9% from 5%. South Korean platforms additionally noticed their share enhance, to nearly 14% from somewhat below 8%, the Kaiko figures present.
