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Kaiko: U.S. Crypto Exchange Spot Market Share Has Risen from 8% to 15% in One Year
Mars Finance reports that data from crypto data provider Kaiko shows that the spot market share of U.S. crypto exchanges has increased from about 8% to 15% in one year, nearly doubling. Meanwhile, Bitcoin liquidity in the U.S. domestic market continues to strengthen and surpasses some offshore exchanges across multiple trading pairs. Analysts believe this change is mainly driven by ETF demand, institutional trading integration, and improvements in compliance and transparency.