In 2024, centralized crypto exchange trading volumes reached $18.83 trillion, marking a 134% increase from the previous year.
Sharp Increase in Trading Volumes
Centralized exchanges reported record trading volumes in 2024. According to a CoinGecko report, trading volumes reached $18.83 trillion, up 134% from the previous year.
Binance Dominance and New Players Rise
Binance maintained its leading position, processing $7.35 trillion, capturing 39.0% of the market. Bybit and Crypto.com also showed significant growth, with volumes at $1.75 trillion and $1.29 trillion, respectively.
Comparison with Previous Years
Despite record figures, the trading volume in 2024 is still below the 2021 peak of $25.21 trillion, attributed to high volatility and retail investor participation.
The increase in trading volumes in 2024 highlights a dynamically evolving crypto market, where new exchanges are rapidly gaining traction while industry leaders hold their positions.
