"Bybit has overtaken Coinbase to become the second largest exchange in the world. Since October, its market share has increased from 8% to 16%, overtaking Coinbase in March. At the same time, Coinbase's share has increased by only 1%. 📈 Bybit's growth may be due to regulatory problems of Binance, which led to the loss of dominance in the market. Since October, Binance's share has fallen from 60% to 54%. Bybit, in turn, introduced zero commission for trading the USDC stablecoin, which could contribute to an increase in trading volume."