BlockBeats news, on March 12, according to a CoinDesk Data report, Bullish, the crypto trading platform for institutions, saw its spot trading volume increase by 62.6% month-over-month in February to approximately $76 billion, with its market share rising to 5.06%, surpassing Coinbase’s 4.59%. During the same period, overall trading activity across centralized exchanges slowed, with total spot and derivatives trading volume declining 2.41% month-over-month to approximately $5.61 trillion, of which spot trading volume amounted to approximately $1.50 trillion.
Bullish Surpasses Coinbase in February Spot Trading Market Share
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Summary
Bullish surpassed Coinbase in February spot trading volume, reporting $760 billion in trading volume, a 62.6% increase from January. The exchange captured a 5.06% market share, compared to Coinbase’s 4.59%. Overall trading activity on centralized exchanges declined by 2.41% in February, with total spot and derivatives trading volume dropping to $5.61 trillion. Spot trading volume alone reached $1.50 trillion during the period.
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