With the launch of the first spot Ether exchange-traded funds (ETFs) in the United States and a growing list of institutional clients, Crypto.com has surpassed Coinbase exchange in trading volume.
According to Messari data, the centralized crypto exchange (CEX) saw a 23% increase in reported 24-hour trading volume, rising to $3.16 billion on August 1, compared to Coinbase’s $2.12 billion.
Crypto.com’s managing director, Giuseppe Giuliani, credits this growth to the exchange’s expanding client base, including both large institutions and advanced retail traders.
He also notes that improved market conditions and product offerings have contributed to this increase.
