Bullish Exchange Surpasses Coinbase in Global Trading Volume

Bullish, a cryptocurrency exchange that debuted on the New York Stock Exchange last year, has achieved a significant milestone by breaking into the top three global exchanges ranked by spot trading volume.

The exchange recorded $76 billion in spot transactions in February, representing a 62.6% increase compared to the previous month. This impressive growth elevated Bullish's market share to 5.06%, surpassing Coinbase's 4.59% market share.

Bullish's business model centers on serving institutional participants rather than retail investors, which appears to have protected it from broader volume declines affecting retail-focused competitors.