CDS Crypto News Breaking News: OKX Active User Number Approaches Binance
Crypto News

Breaking News: OKX Active User Number Approaches Binance

OKX active users seem to be approaching Binance in terms of numbers.

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Breaking News: OKX Active User Number Approaches Binance

Crypto News – According to reports, OKX, a cryptocurrency exchange, is very close to having as many active users as Binance, the biggest cryptocurrency exchange globally.

Breaking News: OKX Active User Number Approaches Binance

A number of exchanges are not included in the research because the report focuses primarily on exchanges that provide derivative products.

We excluded Coinbase, Upbit, and other major exchanges from certain charts that discuss derivatives trading, due to these exchanges’ lack of derivatives products.

the report

But it also points out that Coinbase has a comparatively low number of active addresses, which suggests that a sizable portion of registered customers might not be using their accounts for whatever reason.

Coinbase has a large number of deposit addresses, but its active address count is relatively low, indicating that many historical deposit addresses are no longer being used.

the report

Upbit is on its Way to Becoming a Binance Competitor

The report claims that Upbit, which has increased its market share to 15% over the previous three months as a result of the expanding South Korean market, is one of Binance’s more recent competitors in addition to more established ones like Coinbase and OKX. It also implied that a similar number of daily users might be displayed on the screen due to their similar sizes.

Meanwhile, OKX and Binance have similar levels of activity in terms of deposit addresses, suggesting that the two exchanges may have a relatively similar number of active users.

the report
Breaking News: OKX Active User Number Approaches Binance
Sources:beincrypto
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Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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