Odaily News According to a report by Coingecko, CEX trading activity surged in 2024, with the top 15 CEX spot trading volume reaching US$18.83 trillion, more than double the US$8.05 trillion in 2023, but still lower than the all-time high of US$25.21 trillion in 2021.
Binance maintains its leading position in 2024, accounting for nearly 40% of the total market share with a trading volume of $7.35 trillion. Bybit follows closely behind, ranking second with a share of 9.3%.
Crypto.com saw the fastest growth among exchanges, with trading volume increasing 970% from $120.6 billion in 2023 to $1.29 trillion in 2024. Bybit and Gate.io grew 398% and 242%, respectively.
CoinGecko tracked market trends from 2020 to 2024. The most active year was 2021, with spot trading volume soaring 566.8% from $3.78 trillion in 2020 to $25.21 trillion.
