Bybit became the world’s second-largest crypto exchange, while the leading exchange, Binance, has lost some market share due to previous regulatory issues.
Bybit exchange has flipped Coinbase to become the world’s second-largest cryptocurrency exchange.
Following a surge in trading, Bybit became the second-largest centralized crypto exchange (CEX) by trading volume, according to a June 25 report by Kaiko. The report said:
During the same period, Coinbase’s market share only increased by 1% despite reporting improved profits and revenue.
