Binance, Coinbase, FTX: Data unveil who’s winning the crypto trading game

Binance, Coinbase, FTX: Data unveil who’s winning the crypto trading game

As hot as the cryptocurrency market is these days, competing as a marketplace isn't always easy — even during a year of bull runs.

Recently, both Robinhood (HOOD) and Coinbase (COIN) rocked their shareholders by releasing third quarter results that fell well short of expectations. Yet the platforms have potentially gained major volume boosts during the current quarter, making it a good time to ask which ones are winning the crypto exchange game this year.

Most cryptocurrency exchanges don't report earnings because they aren't public companies, but a new study by blockchain forensics firm Chainalysis, reveals a bit about what it takes to get ahead in this competitive trading segment.