FTX Becomes Second Largest Crypto Exchange in May, Overtaking Coinbase

  • FTX overtook Coinbase in May as the second-largest centralized cryptocurrency exchange by market share, according to data compiled on The Block Research.
  • The market dominating exchange so far is Binance, which holds 64.1% of the market share, followed by FTX and Coinbase statistically on a monthly basis.
  • After Coinbase, the next most popular centralized exchanges during this period were Kraken (3.7%), Bitfinex (2.6%), and LMAX Digital (2.6%). Overall, crypto trading volumes grew 19.6% in May, totalling $830.4 billion.

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