Eight Major Exchanges Dominate Global Cryptocurrency Trading

Eight Major Exchanges Dominate Global Cryptocurrency Trading



An analysis by Kaiko has found that eight major cryptocurrency exchanges dominate the global digital asset trading scene. These exchanges account for 90% of global trading volume and possess 92% of the market depth. Since the onset of 2023, Binance has been particularly dominant, making up over 30% of the market depth and 64% of global crypto trading volumes.



The exchange, led by Changpeng Zhao, has continued to be a significant force in the digital asset market, although its market depth has dipped by about 12% since 2021. Other key players in the cryptocurrency exchange landscape are Coinbase, Kraken, OKX, KuCoin, Bybit, Binance.US, and Bitfinex, listed in decreasing order of their market share.



This centralization of trading volume has seen an increase of nearly 6% compared to 2021, where the top eight exchanges managed just


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#Binance, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #FTX, #GlobalCrypto, #News, #Regulations

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