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Binance leads, Bybit follows: Top CEXs for retail investors
Retail investors dominate trading activity on centralized exchanges (CEXes), and a recent report from CryptoQuant reveals some intriguing insights. According to the study, Binance has taken the lead in terms of global usage among CEX platforms, with over 50% of respondents frequently using it as their primary platform.
The findings also show that Bybit follows closely behind, solidifying its position as one of the top choices for retail investors. Notably, OKX rounds out the top three, demonstrating a strong presence in the market.
It is interesting to see that Binance has emerged at the top, and this may be attributed to its deep liquidity, which makes it easier for traders to enter and exit trades with low slippage costs. This factor likely contributes to its widespread adoption by retail investors.
In related news, the report highlights a peculiar phenomenon: the overwhelming focus of retail investors on Bitcoin (BTC), Ethereum (ETH), and AI tokens. The three assets have taken center stage across most CEX platforms, indicating their immense popularity among novice traders.
It is crucial to note that these insights can be attributed to various market developments. As President Donald Trump’s administration considers pro-crypto policies, the focus may shift towards BTC and ETH. Moreover, the AI narrative has gained significant traction over the past four months, driven by the hype surrounding Artificial General Intelligence (AGI).
With AI agents expected to make a splash in 2025, it is likely that this narrative will gain more momentum and influence trading decisions.
What do you think about these findings?
Source: ambcrypto.com
