FTX surpasses Coinbase in bitcoin trading volume
In a year and a half, the crypto exchange’s market share has risen from 5% to 44%
01.06.2022 - 10:15
373
2 min
0
What’s new? In May, cryptocurrency exchange FTX surpassed Coinbase for the first time ever in terms of BTC trading volume. Over the past 18 months, FTX’s global bitcoin trading market share has increased from 5% to 44%. Coinbase’s market share is at 30%. This data is provided in a weekly report by market data provider Kaiko.
The full version of the report
What other data has been published? In May, a sharp increase in trading volume was recorded on the FTX, a trend that intensified after the collapse of the Terra ecosystem. Coinbase managed to keep its market share relatively stable at 30%. Whereas Bitfinex, Kraken, Bitstamp, and Itbit exchanges faced a decline in trading volume.
What events happened before? In May, The Wall Street Journal journalists reported cases of insider trading on leading global platforms — Binance, FTX, and Coinbase. The journalists revealed that some crypto wallets were buying up a number of digital assets en masse shortly before official announcements about their listing on the platforms.
FTX head Sam Bankman-Fried reportedthat he was looking to fund the 2024 US presidential election. The planned budget is between $100 million and $1 billion. He previously bought a 7,6% stake in the online broker Robinhood for $648,29 million. In 2022, Bankman-Fried was ranked second on Forbes’ list of the richest people in the crypto industry, with an estimated fortune of $24 billion.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$99 474
BTC
+2.44%
-
Ethereum
$3 382.42
ETH
+8.16%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.38
XRP
+25.26%
-
Dogecoin
$0.394712
DOGE
+2.62%
-
Cardano
$0.869699
ADA
+11.41%
-
Bitcoin Cash
$495.59
BCH
-5.8%
-
Polkadot
$6.14
DOT
+7.99%
-
Stellar XLM
$0.280788
XLM
+18.38%
-
Litecoin
$90.01
LTC
+0.53%