The Volume of Spot Trading on Crypto Exchanges Decreased by 36%.
12 Jul 2023, 15:18
The Volume of Spot Trading on Crypto Exchanges Decreased by 36%
CoinMarketCap published a report from which several conclusions can be drawn. In the second quarter of 2023, the total volume of spot trading on the top 20 bitcoin exchanges decreased by 36% - from $2.6 trillion to $1.66 trillion.
Binance's share of spot trading is 59.9%, so the exchange maintains its dominant position in the market. The top 5 platforms account for about 85%. Binance also leads in terms of reserves with $57 million, followed by OKX and Bitfinex with $10 million each.
The total amount of customer collateral remained at roughly the same level as the previous reporting period. Bitcoin and various stablecoins make up the majority of the reserves.
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