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Crypto Oligopoly Imminent as Top Exchanges Grab 96% Market Share

  • Top-tier crypto exchanges are led by Coinbase and Gemini
  • Top-ranked exchanges had $1.5 trillion in trading in February
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‘Altcoins’ Lead Slide in Cryptocurrencies

Top-tier crypto exchanges reached an all-time high market share this year as traders sought lower-risk venues amid broader market volatility, data compiled by tracker CryptoCompare show.

Crypto exchanges considered top level increased their market share to 96% in February from 89% in August, according to the tracker. These 78 exchanges, led by Coinbase Global Inc., Gemini Trust Co., Bitstamp Ltd. and Binance, have grabbed market share from peers that have struggled to maintain security and stability.