Bullish stock news: BLSH leaps past Coinbase after 62% spot trading jump in February
CoinDesk
Bullish, an institutional crypto exchange, surpassed Coinbase to become the third-largest exchange by spot volume after a 62% trading surge in February.Summary
Bullish, a crypto platform focused on institutional clients, has climbed to the third-largest centralized crypto exchange by spot trading volume, surpassing Coinbase. This rise occurred in February, when spot trading volume on Bullish jumped 62.6% to $76 billion, resulting in a 5.06% market share. This increase coincides with a broader slowdown in centralized exchange activity, with combined spot and derivatives trading volumes declining 2.41% to $5.61 trillion. Despite subdued volatility in major cryptocurrencies like Bitcoin, Bullish's growth highlights shifting dynamics among centralized exchanges and intensifying competition within the industry, with exchanges vying for liquidity and new product offerings.
(Source：CoinDesk)