CandleFocus Binance Tops CEX Volumes with $75.9B Weekly Trading
2024-09-12
Author: Content Editor
The past few weeks have seen a significant increase in trading volumes on centralized exchanges, signaling positive growth for the market. According to data from Cexstats.com, the total transaction volume across 58 active CEXs reached a staggering $253.97 billion. Binance emerged as the top exchange with a weekly trading volume of $75.9 billion and a daily turnover of $12.42 billion, solidifying its position as a leading player in the global crypto space. Crypto.com, Bybit, HTX, and OKX followed closely behind. The data also highlights that centralized exchanges continue to dominate, accounting for 11.75% of the CEX to DEX trading volume ratio. Traders are drawn to these platforms for their user-friendly interfaces and comprehensive services. The ongoing success of exchanges like Coinbase, Gate.io, and MEXC further demonstrates the resilience and adaptability of the centralized exchange model.
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