Crypto Exchanges Ranked: Binance Leads Spot Volume in 2024
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- Binance claimed 46.59% of the crypto market’s cumulative spot volume in 2024.
- Five exchanges controlled 81.24% of the cumulative spot volume in 2024.
- Binance maintained its dominance despite the previous year’s regulatory challenges.
Binance maintained the lead as the cryptocurrency exchange with the highest cumulative spot volume in 2024. The centralized exchange solidified its dominance, capturing 46.59% of the total market share with a cumulative spot volume of $7.23 trillion.
Analysis of 2024 Cumulative Spot Volume by Exchange
— CryptoQuant.com (@cryptoquant_com) January 13, 2025
“Binance recorded a cumulative spot volume of $7.23 trillion, accounting for 46.59% of the total market share.” – By @JA_Maartun
Read morehttps://t.co/hxH5LzwuZy pic.twitter.com/zPib4bjEM3
According to a recent analysis by CryptoQuant, a South Korean-based crypto data analysis platform, few exchanges control most of the volume traded in the cryptocurrency market. CryptoQuant’s report shows that Binance, Bybit, Crypto.com, OKEx, and Coinbase accounted for roughly 81.24% of the cumulative spot volume in 2024.
Related: Binance’s Dominance in South Korea Sparks Ant…
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