Crypto.com has emerged as the fastest-growing centralized exchange (CEX) in 2024, with a staggering 969.7% growth in trading volume. The platform's annual trading volume soared from $120.6 billion to $1.29 trillion, surpassing the $1 trillion mark for the first time. Binance remains the largest CEX with 39.0% of the market share and $7.35 trillion in trading volume. Bybit and Crypto.com follow in second and third place, respectively. Despite significant growth, the total trading volume is still below the record-breaking levels of 2021. Some exchanges experienced a decrease in market share, while newer platforms like BingX and Crypto.com grew rapidly.



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