According to the latest data, centralized cryptocurrency exchange Crypto.com reached a peak of $3.16 billion in trading volume on August 1st, a 23% increase from the previous day. Meanwhile, Coinbase's trading volume for the same period remained at $2.12 billion. This change means that Crypto.com successfully surpassed Coinbase and became one of the largest centralized cryptocurrency trading platforms globally. Giuseppe Giuliani, Crypto.com's Managing Director, stated that the rapid growth in trading volume was mainly due to the continuous expansion of the company's list of institutional clients, indicating that institutional investors' trust and recognition of the Crypto.com platform are steadily increasing.