Companies such as Huobi and KuCoin have increased market share this year
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In contrast, exchanges that are rated by CCData as “top tier” — due to them surpassing a “minimum threshold for acceptable risk” to customers — have suffered a fall in their collective market share from 80 per cent to about 68 per cent since the start of the year. In the same period Binance, the industry leader, has fallen from 56 per cent to slightly more than 40 per cent. by US regulatory agencies this year.
Others include DigiFinex and KuCoin, who have increased their share of the crypto market by 3.5 per cent and 1.3 per cent respectively since January. Huobi, DigiFinex and KuCoin did not immediately respond to requests for comment.
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