FTX took 2nd place in the CEX TOP in May 2022

Cryptocurrency exchange FTX surpassed Coinbase in terms of trading volume in May 2022.

According to the analytical agency The Block Research, the popularity of the FTX platform allowed it to advance in the list of centralized exchanges (CEX) and take 10.8% of the market. In the first place, as before, Binance with 64.1%. On the third - Coinbase (9.6%).

 

 

It is worth noting that the position of the Coinbase exchange in the first quarter of this year was quite shaky. There was a net loss of $430 million, as well as a drop in shares. We wrote about this earlier.

In May, the exchange's share price fell another 36%. The CEX management noted that the reason is the fall in the value of the cryptocurrency. To mitigate the damage, Coinbase is slowing down its recruiting activity and cutting costs.

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