- 8.6% of ETH and 11.5% of BTC volume remains on U.S. exchanges.
- Global markets are driving most crypto trading activity.
- Regulatory uncertainty may be pushing traders to offshore platforms.
U.S. Exchanges Losing Crypto Market Share
The share of Ethereum (ETH) and Bitcoin (BTC) trading volume on U.S. exchanges has fallen to 8.6% and 11.5% respectively. This marks a notable decline, suggesting that global platforms are now dominating the crypto trading landscape.
Regulatory Uncertainty Pushing Traders Away
One key reason behind the decline is the regulatory uncertainty in the United States. Stricter regulations and legal actions against crypto firms have caused both retail and institutional investors to seek alternatives on international exchanges. Platforms in Asia, Europe, and the Middle East are attracting significant trading activity due to clearer regulations and friendlier policies.
Global Dominance in Crypto Trading
While the U.S. was once a leader in crypto trading, the rise of platforms like Binance, OKX, and Bybit has shifted the balance. These exchanges provide competitive trading options and are accessible to users globally, contributing to their increasing dominance.
Conclusion
With just a small percentage of BTC and ETH volume occurring on U.S. exchanges, the global crypto market is becoming more decentralized. If regulatory clarity improves, the U.S. could regain its position as a major crypto hub. For now, international platforms continue to lead.
