A quick glance into the key findings in the 2023 token insight annual report

[Maxicreed01]

In the tumultuous realm of cryptocurrency exchanges, the TokenInsight 2023 annual report unveils a captivating narrative of resilience, rivalry, and shifting dynamics. Despite regulatory storms, the top 10 exchanges weathered the tempest, showcasing remarkable resilience and amassing impressive trading volumes. Binance, the reigning champion, maintained its dominance, yet challengers like OKX, Bybit, and the particularly Bitget who have constanly jostled between top 4 and 5 derivative platform emerged as formidable contender, vying for a larger slice of the market pie.
 

In stark contrast, the decentralized exchange (DEX) landscape painted a picture of relative tranquility, seemingly unfazed by the ongoing "not your keys, not your crypto" crusade. ORCA and Raydium emerged as beacons of light, capitalizing on Solana's price surge towards the year's end.

The report also uncovers a startling revelation: derivatives trading has become the dominant force, accounting for a staggering 90% of the volume on most of the top 10 exchanges. This raises profound questions about the future of spot trading, as traders and investors flock to the allure of derivatives.


Are we beginning to see a shift from spot trading to more of the perp futures trading?

 

 

[Imam]

On 22/01/2024 at 05:38, Maxicreed01 said:

In the tumultuous realm of cryptocurrency exchanges, the TokenInsight 2023 annual report unveils a captivating narrative of resilience, rivalry, and shifting dynamics. Despite regulatory storms, the top 10 exchanges weathered the tempest, showcasing remarkable resilience and amassing impressive trading volumes. Binance, the reigning champion, maintained its dominance, yet challengers like OKX, Bybit, and the particularly Bitget who have constanly jostled between top 4 and 5 derivative platform emerged as formidable contender, vying for a larger slice of the market pie.
 

In stark contrast, the decentralized exchange (DEX) landscape painted a picture of relative tranquility, seemingly unfazed by the ongoing "not your keys, not your crypto" crusade. ORCA and Raydium emerged as beacons of light, capitalizing on Solana's price surge towards the year's end.

The report also uncovers a startling revelation: derivatives trading has become the dominant force, accounting for a staggering 90% of the volume on most of the top 10 exchanges. This raises profound questions about the future of spot trading, as traders and investors flock to the allure of derivatives.


Are we beginning to see a shift from spot trading to more of the perp futures trading?

 

 

Perp futures trading is definitely a great deal if you're expert innit! Otherwise SPOT is the king from all aspects unless you're getting into something on top, it's good to see that, Bitget is focusing on their spot potions as well.