According to a report by CoinGecko, centralized crypto exchanges had a total trading volume of $18.83 trillion in 2024. Binance accounted for the largest share with $7.35 trillion in transactions, followed by Bybit and Crypto.com. Although the volume in 2024 increased by 134% compared to 2023, it was still lower than the all-time high in 2021. The report also highlighted the significant growth of Crypto.com and Bybit, while other exchanges saw their market shares decline. The data suggests a consolidation of trading activity among platforms as the market adapts to regulatory changes and user preferences. Despite the recovery in trading activity in 2024, it has not reached the levels seen during the 2021 bull market.



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