Trading Volume
Crypto exchange Bullish has climbed to the third-largest position among centralized exchanges by spot trading volume in February, overtaking Coinbase amid a slowdown in overall market activity. The platform's volume surged 62.6% to $76 billion, securing a 5.06% market share. This shift highlights increasing competition in the sector as trading spreads across more platforms.
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Coinbase announced a $667 million net loss for the fourth quarter of 2025, marking its first quarterly deficit since 2023. The loss stemmed primarily from non-cash write-downs on its cryptocurrency holdings and strategic investments, despite record highs in trading volume and market share. Total revenue fell 21.6% year-over-year to $1.78 billion, missing analyst expectations.