Coinbase's US market share declines due to growth of smaller exchanges

An analysis has revealed that the U.S. market share of Coinbase, the largest cryptocurrency exchange in the United States, has recently shown a downward trend.
Citing its own report, Cryptoslate said, "Coinbase's U.S. cryptocurrency marketplace system is likely to expand as smaller exchanges grow."
In March of this year, Coinbase's US market share peaked at 55%. However, it showed some correction, dropping to 53% in June and 41% in early September.
"The biggest beneficiary of these changes has been Bullish, which has nearly doubled its market share from 17% to 33% over the same period," the report said, noting that "Coinbase is the primary
"While we provide services to retail investors, Bullish primarily caters to institutional investors."