CoinDesk Data – Exchange Review, Feb 2026
Summary
This report provides a monthly review of the cryptocurrency exchange market, focusing on trading volumes across spot and derivatives markets, fee models, and volume segmentation between crypto-to-crypto and fiat-to-crypto trades.
Key findings for February 2026 include declines in centralized exchange trading activity and spot trading volumes, dominance of derivatives trading, subdued market volatility, and shifts in market share among major exchanges.
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