The overall trading volume of major centralized crypto exchanges reached $563.61 billion in the past week, according to a report by Phoenix Group. Binance maintained its dominance with a 36.2% market share and a trading volume of $163.4 billion. Crypto.com followed as the second largest exchange with a market dominance of 15.8%. BYBIT and Coinbase held the third and fourth positions, respectively. The report also revealed that the centralized exchange-to-decentralized exchange trade volume ratio is at 21.03%, indicating increasing adoption of decentralized exchanges.



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