CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-01-23 15:56:50

Crypto Trading Hits Record $75.8 Trillion in 2024: Binance Tops CEX

The post Crypto Trading Hits Record $75.8 Trillion in 2024: Binance Tops CEX appeared first on Coinpedia Fintech News The year 2024 was historic for the cryptocurrency market, as centralized exchanges (CEXs) recorded an all-time high trading volume of $75.8 trillion. This figure shattered the previous record of $65.1 trillion set in 2021, showing a big rise in crypto trading activity worldwide As reported by CCData, the increase in trading was driven by major trading pairs like BTC/USD, ETH/USD, and XRP/USD. Bitcoin’s BTC/USD pair hit its highest daily volume of $23.5 billion on December 15, a 15% rise compared to the previous month. https://twitter.com/CCData_io/status/1882085992838127820 Similarly, Ethereum’s ETH/USD pair saw daily trading volumes reach $12.8 billion on November 28, marking a 10% increase during that period. This surge also lifted investor confidence, as the Crypto Fear & Greed Index rose to “Greed” at 72 in January 2025, up from “Neutral” at 50 in December 2024. Binance Maintains Dominance as Top CEX, Binance continued to lead the market in 2024, maintaining the largest share among centralized exchanges. The platform closed the year with a 34.7% market share and recorded $1 trillion in spot trading volume in December This marked Binance’s second trillion-dollar month in 2024, with the platform handling $7.4 trillion in trading volume over the year. Despite its dominance, Binance saw its market share decline during the year. It started 2024 with 44.1% but dropped below 40% by September, reflecting growing competition from other exchanges. Crypto.com and Upbit Shine in Q4 Following the footstep of Binancne Crypto.com cemented its position as the second-largest exchange by December, achieving an 11.2% market share and $322.3 billion in trading volume. The exchange had a strong finish to the year, with its Q4 volumes rising to $757.8 billion, much higher than earlier quarters. Similarly, Upbit also had a remarkable year, fueled by rising activity in South Korea after political tensions in December. The exchange’s daily trading volumes grew 6x, averaging $21 billion per day, securing its position as the third-largest exchange. With 2024 setting new records, the crypto market has laid the groundwork for an even more dynamic 2025.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta