Crypto platform Bullish climbs past Coinbase to become third-largest crypto exchange by spot volume

The institutional-focused exchange saw spot trading jump 62% to $76 billion in February, surpassing Coinbase’s market share. What to know : Bullish became the third-largest centralized exchange by spot trading volume in February, with its 5.06% market share surpassing that of Coinbase. Bullish's gain in volume comes at a time when overall activity on centralized exchanges slowed, with combined spot and derivatives volumes falling 2.41% in February to $5.61 trillion amid muted cryptocurrency volatility for at least part of the month. Binance remained the largest exchange, with about 22% of spot market share, but its dominance fell to the lowest level since 2020 as trading activity spread across more competing platforms.