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There are only four exchanges that have historically attracted the most liquidity for BTC/USD pairs — Bitfinex, Coinbase, Kraken, and Bitstamp
In terms of BTC/USD volume, 2020 monthly high is still four times smaller than the all-time record in December 2017
Coinbase is the leader for BTC/USD volume while Kraken is the clear leader for BTC/EUR volume
Bitfinex’s share of volume dropped significantly in the last three years – from 50% to less than 20% now
Footnotes
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