Crypto spot trading markets are ‘increasingly concentrated’, says Kaiko

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By BitcoinWiki News

Key Takeaways:

– The spot market for cryptocurrencies is becoming more concentrated.
– The top two largest exchanges account for over 50% of the total market.
– In 2020, Binance accounted for 24% of the spot market, but now it is over 50%.
– Smaller exchanges may face more pressure due to this trend.
– Binance’s spot trading volumes have declined over the past year.
– Binance’s share of the total market is currently at 47.15%.
– This information is provided by Kaiko and The Block Crypto for informational purposes only.
– It is not intended as legal, tax, investment, financial, or other advice.


According to data from Kaiko, the spot market in the crypto industry is becoming more concentrated. The top two largest exchanges accounted for over 50% of the total market this year, an increase from 2020 when the largest exchange, Binance, accounted for just 24% of the spot market. This trend may continue as smaller exchanges face pressure amid a wider downturn in market activity. However, Binance’s spot trading volumes have been declining over the past year, and its market share is on track to reach its lowest level since last July, currently standing at 47.15%.

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