TechFlow news, on August 1, according to The Block report, Crypto.com captured the largest market share of USD-denominated spot crypto trading volume in July, reaching 38.5%, marking the first time in over two years it ranked first. Coinbase came second with a market share of 35.8%.
Crypto.com Exchange Director Giuseppe Giuliani said that the exchange's market share has grown month-on-month over the past 18 months, driven primarily by an influx of new clients, including major institutions and sophisticated retail traders. The last time Crypto.com led in such trading was in April 2022, when its market share stood at 27%.
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