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Crypto.com surpasses Coinbase to become North American cryptocurrency trading leader
2024-10-29 08:34
Odaily News Crypto.com’s explosive growth in digital asset trading has put the crypto exchange far ahead of Coinbase (COIN) in North American trading volume. According to data from The Block, Crypto.com’s monthly spot trading volume soared from $34 billion in July to $134 billion in September. The overall trading volume of North American cryptocurrency exchanges in September was $183 billion, of which Coinbase processed $46 billion. Crypto.com surpassed Coinbase for the first time in July and continued to lead in October. The Block data shows that the exchange has traded $112 billion so far this month, while the total trading volume of exchanges in the region is $173 billion. The third largest exchange, Kraken, lagged far behind in October, with trading volume just under $10 billion. A key reason for Crypto.com’s popularity may be the wide variety of tokens it offers. It has listed more than 378 tokens, compared to no more than 290 tokens listed by Coinbase and Kraken. (Coindesk)