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In Q2, the spot trading volume of the top 10 cryptocurrency exchanges (CEXs) amounted to $1.42 trillion, marking a significant 43.2% drop compared to Q1.
During this period, Binance faced challenges due to regulatory pressure, resulting in a decline in market share to 52% by June.
However, it wasn't all downturn for the top 10 CEXs, as both Bybit and Bitget managed to break into the ranks. Bybit saw an impressive trading volume increase of $13.1 billion, while Bitget's trading volume also surged by $1.5 billion. These newcomers proved their mettle and added fresh dynamics to the ever-evolving cryptocurrency market.
Posted Using LeoFinance Alpha
Posted Using LeoFinance Alpha