Four Exchanges Dominate Perpetual Markets with 86% Market Share

CoinMarketCap has revealed that four major cryptocurrency exchanges - Binance, Hyperliquid, OKX, and Bitget - together occupy a staggering 86% market share of the RWA (Relative Weighted Alpha) perpetual markets.

This dominance is evident in the latest data from CoinMarketCap, which tracks the market capitalization of various cryptocurrencies. The four exchanges have managed to corner a significant portion of the perpetual market, indicating their growing influence in the crypto space.

The RWA metric measures the performance of each asset against its corresponding benchmark index. By analyzing the data, it becomes clear that these four exchanges are indeed leading the charge in the perpetual markets.