Upbit Now 2nd Largest Crypto Exchange by Trading Volume

Upbit Now 2nd Largest Crypto Exchange by Trading Volume

Prior, Coinbase was the second-largest cryptocurrency exchange.
Binance has maintained its position as the leading crypto exchange by trading volume.
According to data compiled by CCData, South Korean crypto exchange Upbit overtook Coinbase and OKX in trading volume for the first time in July. Both Coinbase and OKX, two centralized exchanges, suffered a decrease in trading volume in July, with Coinbase’s volume falling by 11.6% to $28.6 billion and OKX’s falling by 5.8% to $29 billion.
As a result of the recent market movement, the study now ranks Upbit as the second-largest exchange by trading volume, behind only Binance. Prior, Coinbase was the second-largest cryptocurrency exchange. Other South Korean exchanges such as Bithumb and CoinOne also showed a surge in trading volume during July, the research stated.
Binance has maintained its position as the leading cryptocurrency exchange by trading volume, with $208 billion. Despite continuing to lead, the exchange has seen its marke

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