Crypto exchanges saw trillion trading year

Binance processed a whopping $18.1 trillion worth of trading volume in 2023, according to data from CCData, a crypto market data firm. Centralized crypto exchanges saw trillion volume In the CoinWire report, Europe is forecasted to see the largest share during the crypto trading volume boom, reaching $40.5 trillion by 2024 – a significant gain on its $15 trillion from just last year (an increase of 2.7 times). CoinWire added:

“Additionally, as recently as March, total DEX trading volume almost reached its all-time high of $292bn, falling just shy of it with $266bn in trading volume.” Bitcoin Hash Rate Surge Signals Growing Miner Competition “The cryptocurrency industry has recently faced several significant challenges, beginning with the Terra/Luna meltdown, followed by FTX, and now Binance,” says MIT Cryptoeconomics Lab founder Christian Catalini. “Concerns regarding Binance’s compliance and regulatory practices have been raised for some time, and the evidence brought forth by the CFTC is quite damning.”

This meteoric recent rise of crypto exchanges is a strong indicator of the demand for crypto and digital assets by investors of all types. Unlike public stocks, which are listed on a single exchange, or in rarer circumstances on multiple exchanges, the nature of decentralized assets on the Blockchain and DLTs mean that anyone can build a tech stack to access them. Reimbursements Aug 01, 2024 02:11 PM

Crypto saw a $36.6 trillion trading volume in 2023, with a volume increase of +53.1% from Q3 ($6.7 trillion) to Q4 ($10.3 T). The Q4 increase marked the first quarter-on-quarter (QoQ) growth of 2023 and could be attributed to the “growing bullish sentiment” in the crypto market due to the anticipation of spot Bitcoin ETFs’ approval by the SEC. Jordan Finneseth Following Coinbase Exchange and Bybit, which dominate in 90 and 87 countries respectively, with trading volumes of 662 billion dollars and 1.14 trillion dollars respectively.