Binance and OKX Dominate Perpetual Contracts Market
— Cryptonews.net
Binance and OKX are increasing their dominance in the perpetual market, while perp DEX OI share has nearly quadrupled.
According to CoinGecko, Binance and OKX are increasing their dominance in perpetual contracts as perp DEX OI share nearly quadruples.
- Binance and OKX hold significant market share in perp contracts.
- The increase in perp DEX OI share indicates growing interest in decentralized platforms.
- These developments signal a shift in perp trading from centralized exchanges to DEXs.
The dominance of Binance and OKX may alter market dynamics and affect liquidity flows as perpetual trading shifts from centralized exchanges to DEXs.