Report: Global cryptocurrency trading volume will exceed $108 trillion by the end of the year, with Europe in a dominant position
ChainCatcher news, according to a study published by CoinWire, global cryptocurrency trading volume is expected to increase significantly, exceeding $108 trillion by the end of 2024, nearly 90% higher than the trading volume in 2022.This study was compiled by collecting a list of CEXs with a trust score greater than 6 on CoinGecko. CoinWire revealed that it also gathered other data, such as "the network traffic of each CEX in different countries/regions, peak trading time zones, the languages supported by each CEX, and the headquarters of each CEX."The report shows that, in terms of trading volume by individual country, the United States currently ranks first globally. Europe, as a region, accounts for 37.32% of the total cryptocurrency trading volume in the global market. On the other hand, Asia accounts for 36.17% of the global digital currency trading volume, ranking second after Europe, highlighting geographical diversity and overall growth. The report states that the global market size dominated by Europe may be attributed to the region's "gradual" approach to cryptocurrency regulation.