Token data and rating company TokenInsight reported that while Binance exchange lost altitude, OKX and Bybit rose. Accordingly, Binance’s market share dropped from 54.2% to 48.7% in 2023. According to the report prepared by TokenInsight, the market share of Binance, which started 2023 with a 54.2% market share, fell to 48.7%. The market shares of OKX and Bybit exchanges increased by 4.3% and 2.2% respectively during the same period, making them the crypto exchanges that benefited the most from Binance’s loss of altitude.