ChainCatcher reported that according to The Block, in July, Crypto.com had the highest market share of spot cryptocurrency trading volume among exchanges supported by the U.S. dollar. According to the Block Data Dashboard, Crypto.com ranked first for the first time in more than two years, with a market share of 38.5% of spot cryptocurrency trading volume, while Coinbase ranked second with a share of 35.8%.

According to Block Data Dashboard, the last time Crypto.com led spot cryptocurrency trading volume among exchanges supporting the U.S. dollar was in April 2022. That month, it barely surpassed Coinbase with a 27% market share.