Degen

Cryptocurrency trading volume on centralized exchanges reached $18.83 trillion in 2024, according to a new report from CoinGecko.

The study shows that Binance led the way with a 39% market share and $7.35 trillion in trading. Bybit and  came in second with $1.75 trillion and $1.29 trillion, respectively.

Despite a 134% increase from 2023, trading volume still fell short of the $25.21 trillion it hit in 2021.  also experienced the highest growth among centralized exchanges, with a 969.7% increase. Smaller exchanges also saw significant growth, while older exchanges saw their market share decline.

And at the end of 2024, the trading volume will increase further.