Only Eight Exchanges Handle Majority Of Crypto Trading Volume: Report
Published by
Benzinga
Benzinga
In the dynamic World of cryptocurrency trading, a handful of exchanges have emerged as dominant forces, holding a substantial share of market liquidity. What Happened: Recent data sheds light on this concentration, revealing that a mere eight platforms control the lion’s share of the market depth and trading volume. According to a recent analysis by data analytics firm Kaiko, a significant portion of the cryptocurrency market’s depth — nearly 92% — and trading volume — specifically 90% — are concentrated in just eight exchanges. Binance alone accounted for over 30% of the global market depth a…