FTX Overtakes Coinbase to Become Second Largest Crypto Exchange in May

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FTX overtook Coinbase in May as the second-largest centralized cryptocurrency exchange by market share, according to data compiled on The Block Research.

FTX Overtakes Coinbase to Become Second Largest Crypto Exchange in May

The market dominating exchange so far is Binance, which holds 64.1% of the market share, followed by FTX (10.8%) and Coinbase (9.6%) statistically on a monthly basis.

Coinbase has been facing some tough times recently, posting a $430 million net loss for Q1 2022 and a roughly 36% drop in the stock market in May.

Read more: https://cryptowallcity.com/ftx-overtakes-coinbase-2nd-largest-crypto-ex/

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