Crypto exchanges saw nearly $19t in trading volume in 2024, down 25% from 2021 peak

The greatest exchanges of centralized crypto moved 18.83 dollars of punctual projects last year, but it is still not the 2021 record.

Some platforms took off in 2024, while others were late. Data compiled by Crypto Price Aggregator Coingecko revealed that Binance led the pack in 2024, holding nearly on a market share of 40% with 7.35 billions of dollars in volume of negotiation. Go through Followed at 9.3%, show the data.

Although Crypto.com Sucreted only a 6.8% market was shared, it turned out to be the fastest growth exchange. In the past year, it has increased by almost 970% of the volume, reaching $ 1.29 billion against 120.6 billion dollars in 2023. Bybit and Gate.io classified second and third, winning + 398% and + 242%, respectively.

In total, the first 15 centralized exchanges saw 18.83 billions of dollars in cash volume in 2024. And although the figure has more than doubled by 8.05 billions of dollars of 2023, the volumes have always remained in below previous peaks.

“While the volume of negotiation in 2024 was much higher than in 2022 and 2023, it is still pale compared to 2021. During the bull cycle of 2021, the first 15 exchanges saw annual volumes reach 25, 21 billions of dollars. “

Co Ringecko

Okx, HTX and Mexc have been slipping since 2020 while more recent exchanges have taken off, while Ftx I did not even exceed 2022.

“The FTX was also a major competitor, having represented 2.6% of the volume in 2021 and 4.8% in 2022.

Co Ringecko

Coingecko claims that it removed data from 2020 to the end of 2024, classifying the first 15 exchanges centralized by volume of trading spot. The list included Binance, Bybit, Crypto.com, Upbit, Okx, Coinbase, Gate.io, HTX, Mexc, Bitget, Kucoin, Bithumb, Kraken, Bingx and Bitfinex.