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Just finished reading the CryptoQuant February 2026 report, and there are a few data points worth highlighting separately.
The annual comprehensive exchange ranking is 4th, and this is the result.
But what really caught my eye was the growth rate. The total trading volume skyrocketed by 204% for the year, an increase of 3.9 trillion, making it the fastest-growing globally.
While others are still stagnating or moving slowly, this one is on fire. Perpetual contracts increased by 468%, BTC spot trading rose by 127%, all top rankings. This shows that users are really using the platform, not just fake data.
I believe that the growth rate speaks more than the ranking. Being 4th might be the result of years of accumulation, but being number one in growth rate indicates the current momentum is the strongest, with funds voting with their feet. In this circle, momentum is everything.
Surviving a bear market and soaring in a bull market—that’s true skill.
【Link】