TokenInsight Report: $8.3 Trillion in Total Volume on Top 10 CEXs in Q2, Bitget Leads Gains

Tokeninsight released its quarterly report on exchanges for the second quarter of 2023, with the top 10 CEXs posting a total volume of $8.3 trillion, down by about a quarter from the first quarter. Bitget ranked fourth in terms of volume. The combined market share of the top four exchanges exceeded 85% of the total market. Bitget's market share grew by more than 1.8 percent. 

Bitget's market share increased significantly in the second quarter's spot trading data. At the beginning of 2023, Bitget accounted for 2% of the market and doubled to 6% in the second quarter. Of the exchanges that have issued platform coins and are still in operation, Bitget's platform coin, BGB, saw the largest price increase in the second quarter at 22.6 percent, followed by Bitfinex's LEO at 15.4 percent, and OKB, which rose 7.1 percent to equal BTC.

Derivatives trading data showed Bitget in fourth place.