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FTX surpassed Coinbase as second-biggest centralized crypto exchange in May

Catarina Moura

The Block

Jun 1, 2022

FTX overtook Coinbase's spot in May as the second biggest centralized crypto exchange in terms of market share, according to data compiled on The Block Research.

The dominant player in the market was still Binance by far, which commanded a 64.1% share, followed by FTX (10.8%) and Coinbase (9.6%) during the monthly period.

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