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The institutional-focused exchange saw spot trading jump 62% to $76 billion in February, surpassing Coinbase’s market share.

What to know: 
Bullish became the third-largest centralized exchange by spot trading volume in February, with its 5.06% market share surpassing that of Coinbase.Bullish's gain in volume comes at a time when overall activity on centralized exchanges slowed, with combined spot and derivatives volumes falling 2.41% in February to $5.61 trillion amid muted cryptocurrency volatility for at least part of the month.Binance remained the largest exchange, with about 22% of spot market share, but its dominance fell to the lowest level since 2020 as trading activity spread across more competing platforms.
Crypto platform Bullish (BLSH), which operates an institutional-only crypto exchange business, climbed into the top three centralized crypto exchanges by spot trading volume for the first time in February, overtaking Coinbase (COIN) as trading activity across the industry slowed.
Spot trading volumes on Bullish, it rose 62.6% month over month to $76 billion, the exchange’s highest monthly total since October 2025. The surge lifted Bullish’s market share to 5.06%, up 2.04 percentage points, making it the third-largest centralized exchange by spot trading volume.
The increase pushed Bullish, which went public on the New York Stock Exchange last year, which held a 4.59% share of the spot market during the month.
The milestone comes even as overall activity on centralized exchanges declined. Combined spot and derivatives trading volumes fell 2.41% in February to $5.61 trillion, the lowest level recorded since October 2024.
The slowdown coincided with subdued volatility in major cryptocurrencies. Despite heavy volatility in the first and last weeks of February, bitcoin $BTC  spent much of the month trading in a narrow range between $60,000 and $70,000, limiting speculative activity that often drives higher trading volumes.
Spot trading accounted for $1.50 trillion of that total, down 3.01% from January. Derivatives trading fell 2.41% to $4.11 trillion but remained the dominant force, accounting for 73.2% of all trading on centralized exchanges.
While Binance remained the dominant exchange by a wide margin, recording $331 billion in spot trading volume during February, which represents about 22% market share, its dominance declined to its lowest monthly level since October 2020, suggesting trading activity is becoming more distributed across competing platforms.
Bullish’s rise in the rankings highlights shifting dynamics among centralized exchanges amid intensifying competition. Exchanges are increasingly competing on liquidity, trading incentives, and new product offerings to attract traders during periods of slower market activity. Some have partnered with major U.S. stock exchanges to offer tokenized securities or have launched prediction market trading.

#BinanceTGEUP #UseAIforCryptoTrading #TrumpSaysIranWarWillEndVerySoon

Former U.S. President Donald J. Trump posted a message on Truth Social roughly 19 hours ago addressing the United Kingdom and its potential plans to send naval forces to the Middle East.

In the post, Trump wrote that the United Kingdom—described by him as “our once Great Ally, maybe the Greatest of them all”—is considering sending two aircraft carriers to the Middle East. He addressed U.K. Prime Minister Keir Starmer directly, suggesting such assistance would no longer be necessary and adding that the United States would remember countries that “join wars after we’ve already won.”

Key Claims in the Post

Trump’s message makes several assertions:

The U.K. is considering deploying two aircraft carriers to the Middle East.The United States has already effectively won the conflict referenced in the post.Late military support from allies would not be needed or appreciated.

Facts About the U.K.’s Aircraft Carrier Capability

The United Kingdom operates two active aircraft carriers:

HMS Queen Elizabeth (R08)HMS Prince of Wales (R09)

These ships are the largest vessels in the Royal Navy and are designed to project air power globally using F-35B fighter jets. In practice, both carriers are rarely deployed simultaneously for combat operations, as one is typically in maintenance, training, or readiness cycles.

Current Context of Middle East Deployments

Western naval deployments to the Middle East often occur during periods of regional tension, particularly in areas such as the Persian Gulf or the Red Sea, where international shipping lanes are strategically important. Such deployments are usually coordinated among NATO partners and other allies.

However, major allied military operations typically involve multinational coalitions, meaning allied support is usually integrated rather than treated as late participation.

Interpretation of Trump’s Statement

Trump’s message reflects a recurring theme in his foreign policy rhetoric: the belief that allies sometimes rely too heavily on U.S. military action or join conflicts after the primary burden has already been carried by the United States.

By emphasizing that the U.S. “doesn’t need them any longer,” the post frames potential British involvement as unnecessary and highlights his long-standing criticism of allied military burden-sharing.

While the post expresses a political opinion, the factual elements relate mainly to the United Kingdom’s existing carrier fleet and the possibility of naval deployments to the Middle East during periods of geopolitical tension.
#TRUMP #Geopolitics #Trump'sCyberStrategy

Bitcoin se află într-o situație tensionată în acest moment. La ziua de astăzi, $BTC se tranzacționează în jur de $67,350, după ce a atins un maxim intraday aproape de $68,482 și a scăzut până la $67,034.

Ceea ce face această mișcare interesantă este că Bitcoin nu se mai mișcă doar pe narațiuni exclusive de criptomonede. Reacționează la aceleași forțe care mișcă piața mai largă: geopolitică, petrol, așteptări de inflație și apetit pentru risc. La începutul acestei săptămâni, tensiunea reînnoită din Orientul Mijlociu a împins petrolul mai sus și a afectat activele de risc în general, Reuters notând că bitcoin a scăzut alături de acțiuni pe măsură ce investitorii s-au mutat în active mai sigure.