[U.S. Crypto Spot Market Share Rises from 8% to 15% Over the Past Year] According to Kaiko, the U.S. crypto exchange spot market share has risen from 8% to 15% over the past year, with BTC on-chain liquidity deeper and growing faster compared to several offshore platforms. Kaiko believes that improved institutional access, ETF demand growth, and enhanced compliance, transparency, and operational resilience are the main reasons for the market share returning to the U.S. market.