Svmuu News: Crypto data firm Kaiko shared data on platform X, showing that the spot market share of US crypto exchanges has increased from approximately 8% to 15% within a year, nearly doubling. Concurrently, Bitcoin liquidity in the US domestic market continues to strengthen and has surpassed that of some offshore exchanges on multiple trading pairs. Analysis suggests this change is primarily driven by factors such as ETF demand, institutional trading integration, and improvements in compliance and transparency.