CMC: In the second quarter, the top 20 exchanges contributed $1.67 trillion in spot trading volume, a decrease of 36% compared to the previous quarter

2023-07-11 23:18:15

Collection

ChainCatcher news, CoinMarketCap released the report on exchange activities (CEX and DEX) for the first half of 2023. The report shows that in the second quarter of 2023, the top 20 exchanges contributed a total spot trading volume of $1.67 trillion, a decrease of 36% compared to the previous quarter. This decline indicates a significant slowdown in market activity, which was dominated by a rebound in trading activity driven by the doubling of Bitcoin prices in the first quarter of 2023 ($2.6 trillion).

Additionally, Binance maintained its market dominance throughout the first half of 2023, with a total spot trading volume share of 59.99%, remaining relatively stable compared to the same period last year. The top 5 exchanges accounted for 85% of the total spot market trading volume. (Source link)

(Source Link)

Related tags

Exchange

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.