Binance Tops In Volume and Liquidity Ahead of OKX and Other Crypto Exchanges

Crypto market research platform Kaiko has provided comparative details about two leading crypto exchanges, Binance and OKX. The details from Kaiko enable crypto users to determine that Binance, among the two crypto exchanges, has higher liquidity.

#Binance vs. #OKX: which is the most liquid exchange? 👀

Explore more at: https://t.co/I5oDIsgrSc pic.twitter.com/iBQ0VW9ODs

— Kaiko (@KaikoData) February 15, 2024

Kaiko’s website showed “Market Share of Volume” as a significant metric for measuring relative volume and liquidity among multiple crypto exchanges. Kaiko further breaks down this metric into categories that separate the market share by volume in the United States, where Binance Global and OKX are absent from the global market share, which includes every other listed exchange. BinanceUS claimed only 0.63% of the volume in this category, while Coinbase ranked highest with 59.3%

On Wednesday, Kaiko’s data revealed that Binance, with 53.14%, claimed the lion’s share of the market share volume across the 33 listed crypto exchanges. Meanwhile, OKX claimed 6.87% of the volume under this category, which is considerably high compared to the other listed exchanges.

Market Share Volume Data on Kaiko

Kaiko’s “Global Exchange Market Share of Volume” comprises 23 cryptocurrency exchanges, including Binance and OKX. Under this category, Binance claimed 61.73% of the total share as of February 14, while OKX accounted for an impressive 7.98%.

Binance and OKX ranked highly across the various Kaiko categories, with Binance returning impressive numbers despite facing significant regulatory issues. The leading crypto exchange dominated market share volume in all the categories it featured.

Last June, the U.S. Securities and Exchange Commission (SEC) filed 13 charges against Binance entities and founder Changpeng Zhao. The fallout of the litigation led Zhao to step down as the company’s CEO after Binance agreed to pay a fine for the infringement and exit the U.S.

Despite the challenges, Binance has retained its position as the leading exchange in volume and liquidity. However, OKX continues to hold its own among the top crypto exchanges from different parts of the world.

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