According to data from Kaiko, the cryptocurrency exchange Kraken has surpassed competitors like Coinbase to become the most liquid altcoin trading platform in the United States, accounting for 47% of the top 10 altcoin market depths.



Among exchanges that support USD deposits, Kraken's market share has risen from 8.3% in August 2022 to 21.1% in July this year, thanks to improvements in products like Kraken Pro, despite the overall decline in industry trading volume.



A spokesperson for Kraken said, "Our share of total trading volume has reached a new high in 18 months. Our share in the EUR spot market has increased from 35% to 53%, and our share in the AUD spot market has increased sixfold in the last 12 months." Kraken's trading volume in July dropped to $13.6 billion, compared to $28.07 billion in March. (The Block)