Crypto perpetuals trading soars to $58t in 2024, while Binance’s share slides 20%

Crypto Perpetuals approached 59 billions of dollars in 2024, but Binance’s share dropped by 20% in December.

Crypto Perpetuals experienced a record year in 2024, the negotiation volumes showing the expectations past while the first 10 centralized scholarships reached 58.5 billions of dollars, more than double the 28 billions of dollars recorded in 2023, according to the data Since Co Ringecko.

However, despite the overall market growth, the exchange of cryptocurrency Binance Losing land, with its market share going from 43% in January to 34% in December. The first 10 centralized perpetual exchanges recorded 21.2 billions of dollars in a volume of negotiation in 2024 Q4, an increase of + 79.6% compared to the figure in the third quarter of 11.8 billions of dollars, indicates the report.

Binance remained the largest player in the sector, but the competitors gained ground. Coinbase International entered the top 10 for the first time in December after its negotiation volume increased by more than four, according to data.

On decentralized perpetual scholarships, the commercial volume also increased to $ 1.5 billion in 2024, marking almost 140% compared to the previous year. The hyperliquid of exchange of Capuuto Caputed more than 50% of the market share of Dexs in the fourth quarter, reaching more than 65% in December 2024.

“The hyperliquid was one of the main strengths of the fourth quarter, due to its air success. He managed to grasp more than 55% of the market share in the fourth quarter, reaching a summit of 66% in December. »»

Co Ringecko

Meanwhile, Dydx saw its domination reduced by 73% at the beginning of 2023 to only 7% by the end of 2024. Bitcoin remained the main asset of perpetual negotiation, although its share fell by 20% throughout 2024, going from 43% in January to 34% in December.