BLOOMBERG · 2026-11-03 12:27 UTC

Binance Loses Market Share to Crypto Exchange Rivals After Hack

Binance's share of crypto trading volume fell to 42% in the week after a $6.3 billion hack attributed to North Korean hackers, down from 48% before the hack and 51% in mid-August. Rivals including OKX (up to 14% market share) and Coinbase (up to 9.6%) gained ground during the disruption. Binance suspended then restored withdrawals; customers have since pulled a net $5.6 billion (3.5% of assets), with deposit flows normalizing by November 3.

Loading the story on Tree News…