Data: The trading volume of the top ten CEX spot exchanges in the second quarter decreased by over 43%

ChainCatcher news, according to a report by CoinGecko, in the second quarter of 2023, the total spot trading volume of the top ten centralized cryptocurrency exchanges reached $1.42 trillion, a decrease of 43.2% compared to the first quarter. Binance was significantly affected by its exit from some markets, being sued by the SEC, and layoffs, with its dominance dropping from 61% to 52% in just three months. The stablecoin market was also impacted, with BUSD's market cap falling by 45.4% from April to June. TUSD became the largest gainer among stablecoins in that quarter, growing by 50%. Tether remains firmly in the lead, holding a 66% share of the stablecoin market.