Crypto Exchange Report 2023Q2
Bitcoin has been fluctuating around $30,000 for an entire quarter. Has the crypto industry been stagnant due to regulatory concerns? Perhaps we can find the answer from the data of exchanges.
More than half of 2023 has passed, and Q2 was a flat quarter. The total crypto market cap still hovered around $1.2 trillion, exactly the same as at the end of Q1. The price of started at $30,000, and there were not many changes along the way, eventually settling around $30,000.
Although the market situation has not changed much, the exchange landscape is different. We have timely brought you the Q2 exchange quarterly report. We summarized the data performance of the exchange industry in the report, selected the top 10 centralized exchanges, and hope to help you understand the changes in the exchange market through the changes in the data.
The following content is only a partial summary of the report. To view the full report, please download the complete version at the end of the article for free.
If you are interested in the previous reports, please click to read:
In 2023 Q2, the Total Trading Volume of the Top 10 Exchanges Reached $8.3 Trillion, Down 23% Compared to Q1
The tota l trading volume of the top 10 exchanges in Q2 2023 was $8.3 trillion, a decrease of nearly a quarter compared to Q1. The top 4 exchanges by trading volume were , , , and , whose combined market share exceeded 85% of the total market.
Binance's total trading volume in Q2 was $4.3 trillion, a 3% decrease in market share compared to Q1, but still over 50% of the entire market.
The trading volume shares of OKX, Bybit, Bitget, , , and all increased in Q2, while the market share of Upbit and Coinbase slightly declined.
In 2023 Q2, the Exchange Market Did Not Change Significantly, With Binance's Dominant Position Decreasing but Still Leading With Over 50% Market Share
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.