Binance's legal problems increased the market share of ByBit and Coinbase

According to Kaiko, the deal between Binance and US authorities has caused some users to switch to other crypto exchanges.

Most of the liquidity has moved to Coinbase and ByBit.

For example, the Coinbase exchange experienced increased trading volume during the European trading day, outside of normal US trading hours.

At the same time, ByBit recorded an increase in trading volumes throughout the day.

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