Binance spot share falls to 42% after $6.3B hack as OKX gains ground
AI summary
Binance's spot market share has fallen to 42% following a $6.3 billion hack, with OKX picking up the lost ground. Binance's own asset estimate stood at $157 billion on Monday, down from $171 billion. A shrinking share and a $14 billion drop in assets at the largest exchange signal traders shifting funds and volume to rivals, a confidence hit for BNB and the broader market.
