CoinGecko Report: Centralized Crypto Exchanges Ignite Growth in 2024; Crypto.com #1
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- Crypto.com surges 969.7%, becomes third-largest CEX by trading volume in 2024
- Binance maintains 39% market share as CEX trading volume hits $18.83 trillion
- Bybit and Gate.io record triple-digit growth, reshaping the CEX market in 2024
Crypto.com is standing out as the fastest-growing centralized exchange (CEX) of 2024. They’ve seen trading volume jump significantly. According to a new CoinGecko report, the platform achieved an incredible 969.7% growth. Their annual trading volume shot up from $120.6 billion in 2023 to a massive $1.29 trillion in 2024.
This milestone means the exchange has now surpassed the $1 trillion mark for the first time. While other exchanges also grew, none grew as quickly as Crypto.com.
Related: Centralized Exchanges vs. Self-Custody: Which is Safer for Your Crypto?
Binance Still Leads CEX Market
Even with market share shifting a bit, Binance remained the biggest centralized exchange in 2024. It still holds 39.0% of the market, generating $7.35 trillion in trading volume.
Bybit came in second as the next largest exchange with a 9.3% share. They hit $1.75 trillion in volume. Crypto.com, meanwhile, took third place with a 6.…
The post CoinGecko Report: Centralized Crypto Exchanges Ignite Growth in 2024; Crypto.com #1 appeared first on Coin Edition.
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