According to CCData, less than 10% of bitcoin trading volume occurs on registered US crypto exchanges like Coinbase and Kraken. The majority of trading volume, including bitcoin and other tokens, takes place on Binance. While Coinbase represents 61% of bitcoin trading volume among US exchanges, its share is much smaller compared to Binance. Kraken’s spot trading volume is also half of Coinbase’s. The report also highlights that crypto derivatives trading volume is significantly higher than spot volume, with Binance dominating the derivatives market. Other non-US based firms like Bybit and OKX also experienced increases in market share. Additionally, upcoming events and recent research developments are mentioned in the content.
AI Sentiment: Neutral
