TokenInsight Crypto CEX 2023 Q2 Highlights
We are ending the Q2 with a massive surprise and news like the $XRP win against the SEC. (If someone doesn't aware of this XRP was cataloged NON a security by the court). This could change some flow on CEX but in an overall TokenInsight post this info
The Derivative trading volume in the TOP 10 CEX decreased by 15% if we compare it with Q1
The Top 4 exchanges on Trading Volume are Binance, OKX, Bybit, and Bitget which entered this position in Q1 and remain there
Bitget and Coinbase got rises in market share where the first mentioned started at 2% and ended at 6%
The open interest in Q2 2023 increased by 12.5% compared to the previous quarter. Binance Obviously remains the king, meanwhile, Bitget went from 10.46% to 11.84%
Compared to Q1, OKX, Bitget, and BitMEX had smaller declines in trading volume
The Top Performer among native CEX tokens remains with bitget and $BGB like in Q1. $LEO and $OKB also remain positives. On the other hand, the rest of the Native CEX tokens got negative returns