Crypto Exchanges Report $18.83 Trillion Trading Volume in 2024
The crypto market in 2024 saw significant trading activity, with the top 15 centralized exchanges registering a combined trading volume of $18.83 trillion. This is a 134% increase from 2023's $8.05 trillion but still below the 2021 record of $25.21 trillion, as reported by CoinGecko.
- Binance led the market with a 39.0% share and $7.35 trillion in volume.
- Bybit followed with 9.3% market share and $1.75 trillion in volume.
- Crypto.com showed the fastest growth, increasing its volume by 969.7% to $1.29 trillion, securing a 6.8% market share.
- Bybit and Gate.io reported annual growth rates of 397.8% and 241.5%, respectively.
Market dynamics shifted as new exchanges gained traction while established ones like OKX, HTX, and MEXC lost market share since 2020. FTX previously held a 4.8% market share before its collapse.
CoinGecko's data was compiled from the annual spot trading volumes of the top 15 exchanges from 2020 to 2024, which include:
- Binance
- Bybit
- Crypto.com
- Upbit
- OKX
- Coinbase
- Gate.io
- HTX
- MEXC
- Bitget
- KuCoin
- Bithumb
- Kraken
- BingX
- Bitfinex