Analyst: Binance US market share in the US has dropped to 0.9%, while Coinbase has surged to 55%

ChainCatcher news, Reuters reported that Kaiko analyst Dessislava Aubert stated that due to regulatory requirements to suspend services, Binance US's market share in the U.S. has dropped from 22% in April to 0.9% on June 26; Coinbase's market share in the U.S. surged from 48.4% in June to 55%, as the exchange was designated as a partner by Fidelity and other asset management companies for applying for a spot Bitcoin ETF.

Additionally, Bitcoin rebounded to a one-year high of $31,458 at the end of this quarter, but the overall spot trading volume in the second quarter fell to its lowest level since 2020. (source link)