According to CoinDesk data, in February, Bullish (BLSH) spot trading volume surged to become the third-largest centralized cryptocurrency exchange globally, surpassing Coinbase (COIN), and leading the industry as overall activity slows down. Bullish's spot trading volume increased by 62.6% month-over-month, reaching $76 billion, with a market share of 5.06%. Despite the lower volatility of major cryptocurrencies like Bitcoin, which caused the total spot and derivatives trading volume on centralized exchanges to decline by 2.41% to $5.61 trillion—its lowest level since October 2024—Bullish still achieved this milestone.

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