Researchers from CryptoRank published their report on cryptocurrencies, emphasizing that the volume of trading on centralized exchanges of the world (CEX) increased significantly by 83% in the fourth quarter of 2023, reaching a level of $2.18 trillion. Analysts also noted that this indicator may continue to grow, given that there are still 5.5 days left until the end of the month.

It is important to note that despite the impressive growth compared to the third quarter of 2023, the trading volume in this period remains almost four times lower than the historical maximum reached in the second quarter of 2021, which was $8.43 trillion.

The third quarter of 2023 stands out as the worst since the beginning of 2021, with a turnover of $5.19 trillion in transactions in the first three months. Against this background, it is worth noting a significant increase, since in the last quarter of 2020, trading volumes amounted to only $ 1.3 trillion.

The typical spot trading format, in which cryptocurrencies are bought and sold on the exchange at current market prices, continues to be the main method of trading digital assets. Such transactions are usually concluded instantly, allowing investors to purchase virtual coins and tokens directly on the platform or through other market participants.

It should be noted that Binance, founded in 2017, continues to be the industry leader in terms of trading volume. The platform provides a variety of services and products, including spot and derivative trading in cryptocurrencies, an official wallet, payment systems, as well as token farming and staking. In addition, it provides liquidity for launching new projects through Binance Launchpad.

Despite recent crackdowns and fines imposed on the platform by U.S. financial regulators, Binance continues to attract many traders and investors from around the world due to its variety of trading pairs and robust security system. It is important to note that