In 2024, the cryptocurrency trading volume reached $18.83 trillion, still below the peak in 2021
ChainCatcher news, according to CoinGecko's report, the total trading volume of centralized exchanges (CEX) in 2024 reached $18.83 trillion, a 134% increase from $8.05 trillion in 2023, but still below the historical high of $25.21 trillion in 2021.Exchange rankings:• Binance continues to hold the leading position with a market share of 39.0% and an annual trading volume of $7.35 trillion.• Bybit ranks second with a market share of 9.3% and a trading volume of $1.75 trillion.• Crypto.com is in third place with a market share of 6.8% and a trading volume of $1.29 trillion.Fastest-growing exchanges:• Crypto.com saw a staggering 969.7% increase in trading volume, surpassing the $1 trillion mark for the first time.• Bybit grew by 397.8%, reaching a trading volume of $1.75 trillion.• Gate.io increased by 241.5%, achieving a trading volume of $1.01 trillion.Market trends:Despite the significant rebound in trading volume in 2024, it has not yet returned to the peak levels of the 2021 bull market. The competitive landscape of the crypto trading market is evolving, with emerging exchanges like Crypto.com and Bybit rapidly rising, while the market shares of established exchanges such as OKX, HTX, and MEXC have declined.