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The European Union's securities watchdog, ESMA, has expressed considerable concerns over a high level of concentration in cryptoassets trading within a small number of exchanges, highlighting the potential risks of market malfunctions. This observation is supported by a recent study indicating that approximately 10 exchanges are responsible for processing around 90% of all crypto trades.
The crypto market appears to be highly concentrated, as only 10 exchanges process around 90% of all trades, according to a recent study done by the European securities regulator https://t.co/aiDqvBEKqh
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