Live centralized-exchange activity context · By CoinNudge Research · Method reviewed 2026-09-11 · Guide updated 2026-09-12 · Live sources · Data observed at · Calculation common-basket-spot-volume-share-1.0 · Auto-refresh about every 600 seconds
Four-exchange common-basket spot volume share today
Current answer: As of , using Binance, Coinbase, OKX and MEXC venue-reported rolling spot quote volume: Binance Spot contributes 51.17% of $3.43B rolling 24-hour volume across the same 17-asset basket on all four venues. This controls listing coverage but is not the exchange's total global market share.
Live sources
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Current source-backed snapshot
This page compares venue-reported rolling 24-hour spot quote volume across Binance, Coinbase, OKX and MEXC for the same common basket of liquid crypto assets. Every constituent must have a USD, USDT or USDC spot market reporting at least $1 million on all four venues. The percentage is each venue's share of that four-venue, common-asset total—not its share of all global crypto trading.
Input documentation: Binance Spot API · Coinbase Advanced Trade · OKX market data · MEXC Spot API
Observation window: Rolling 24-hour volume for the same liquid crypto assets with at least $1 million on every tracked venue
Calculation cadence: Auto-refresh about every 600 seconds
Calculation version: common-basket-spot-volume-share-1.0
Download current dataset: JSON · CSV Raw values retain the dataset's published precision. Free fair-use limit: 60 requests per minute per IP, shared across all Research JSON and CSV endpoints.
| Exchange | Comparable 24h volume | Share of tracked basket | Common assets | Largest basket markets | Data boundary |
|---|---|---|---|---|---|
| Binance Spot | $1.75B | 51.17% | 17 | BTC $566.15M · ETH $472.69M · ZEC $308.86M | Same assets and USD-like spot quotes; not total exchange share |
| MEXC Spot | $652.75M | 19.04% | 17 | BTC $292.09M · ETH $240.30M · SOL $37.30M | Same assets and USD-like spot quotes; not total exchange share |
| OKX Spot | $541.41M | 15.79% | 17 | ETH $208.52M · BTC $161.83M · SOL $45.98M | Same assets and USD-like spot quotes; not total exchange share |
| Coinbase Spot | $479.98M | 14.00% | 17 | BTC $155.27M · ETH $105.83M · ZEC $62.69M | Same assets and USD-like spot quotes; not total exchange share |
Current source health
- binance: live; last success 2026-09-13 15:41:20 UTC
- coinbase directory: live; last success 2026-09-13 15:41:17 UTC
- okx market: live; last success 2026-09-13 15:41:05 UTC
- mexc market: live; last success 2026-09-13 15:41:05 UTC
This is share inside one four-venue common asset basket, not each exchange's total global spot market share. Venue volume methodologies, USD-like quotes, wash-trading controls and reporting windows can differ.
How to read this page
- Every venue is measured on the same asset basket.
- Tracked share refers only to four named venues and the displayed common assets.
- Reported volume measures turnover, not unique users, deposits or exchange revenue.
- Compare changes over time before treating one snapshot as durable market-share movement.
What can this page tell you quickly?
- Best for
- Seeing where activity in a comparable liquid-asset basket is concentrated.
- Venues
- Binance, Coinbase, OKX and MEXC spot.
- Denominator
- Sum of rolling volume for the strict four-venue common basket.
- Do not infer
- Tracked share is not universal exchange market share, quality or solvency.
Why use a common asset basket instead of every exchange market?
Summing every listed market would compare different universes. One exchange may list hundreds of small tokens while another focuses on fewer regulated USD markets. The resulting difference would mix venue activity with listing policy.
The strict intersection holds asset membership constant across all four venues. It sacrifices coverage to improve comparability and publishes the common-asset count so the denominator is explicit.
| Method | Benefit | Cost | CoinNudge choice |
|---|---|---|---|
| All venue listings | Broad venue coverage | Different asset universes | Rejected |
| Top markets per venue | Simple leaderboard | Constituents differ | Rejected |
| Common asset intersection | Same basket for every venue | Fewer assets | Used |
| One asset only | Very comparable | BTC may dominate | Avoided |
Why should reported exchange volume be interpreted carefully?
Centralized exchanges can define quote volume, day boundaries, market aggregation and excluded trades differently. A rolling 24-hour figure is useful activity context but is not audited financial revenue or proof of organic users.
CoinNudge preserves venue attribution and avoids averaging the figures into a universal truth. A source failure degrades the page rather than turning a missing venue into zero.
| Possible interpretation | Supported? | Reason | Better data |
|---|---|---|---|
| Relative tracked turnover | Yes | Same common basket | This page |
| Global market share | No | Other venues/assets excluded | Comprehensive audited provider |
| Exchange revenue | No | Fee rates and maker programs absent | Financial disclosures |
| Current liquidity | No | 24h turnover differs from depth | Order-book snapshot |
How can venue share rise while the venue's own volume falls?
The other venues in the measured basket can decline faster. Share is a relative ratio, so it must be read alongside the numerator and denominator in comparable units.
This four-venue common-basket share is not an exchange's worldwide market share or a measurement of customer migration.
- Retain each venue's volume and the exact common asset basket.
- Check aligned rolling periods and conversion assumptions.
- Separate changes in total activity from changes in the distribution across the tracked venues.
Verify: Binance Spot API · Coinbase Advanced Trade · OKX market data · MEXC Spot API
What is measured, and what is not?
| Measured claim | Evidence on this page | Boundary |
|---|---|---|
| A named venue has a stated share of the four-venue common basket. | Same-assets rolling quote-volume totals. | Other venues and non-common assets are excluded. |
| The comparison uses a disclosed number of liquid common assets. | Strict four-venue intersection and $1 million per-market floor. | Quote currencies and provider methodologies differ. |
| Certain assets contribute most to a venue total. | Largest common-basket market volumes. | Turnover is not current depth or unique users. |
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Method and data boundary
CoinNudge anchors candidate assets to its crypto-only Binance liquid universe. For each venue and base, the highest-volume USD-like spot market is selected. The final basket is the strict intersection: an asset remains only when Binance, Coinbase, OKX and MEXC each report at least $1 million rolling quote volume. Venue total is the sum across exactly those same assets. Tracked share equals venue total divided by the sum of all four venue totals. Rows rank by tracked rolling volume.
This is share inside one four-venue common asset basket, not each exchange's global spot market share. Venue volume methodologies, USD-like quotes, reporting windows, affiliate markets and wash-trading controls can differ. Reported volume is not revenue or current order-book depth.
Sources and verification
- Binance Spot APISpot market and quote-volume observations.
- Coinbase Advanced TradeUSD-like spot market observations.
- OKX market dataSpot market observations.
- MEXC Spot APIUSDT spot market observations.
Frequently asked questions
Is this global crypto exchange market share?
No. It is share inside the displayed four-venue common liquid-asset basket.
Why not sum every pair?
Exchange listing universes differ and would make totals less comparable.
What is the liquidity requirement?
Every common asset must report at least $1 million rolling spot volume on all four venues.
Are futures included?
No. The page uses USD-like spot markets only.
Does more volume mean a safer exchange?
No. Turnover does not establish solvency, custody quality or regulation.
Why can the basket size change?
Rolling volume or market availability can move an asset into or out of the strict intersection.
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