According to the latest report from CCData, in 2024, crypto exchanges Bitget, Coinbase and Crypto.com took leading positions in the spot trading market and in the derivatives market.
Bitget’s share increased by almost 4,05% to 10,5%, Coinbase’s by 3,89% to 5,43% and Crypto.com — by 3,39% to 4,71%. According to analysts at CCData, the volume of spot transactions on Bitget grew by a significant 97,6% last year. In December, the monthly figure reached a record high of $159 billion.
Last year, trading volumes on cryptocurrency exchanges bybit and CoinW also increased, but the growth was insignificant. At the same time, the shares of the spot market and the derivatives market on OK, Binance and HTX have dropped significantly. The share OK decreased by 8,46% on average, although by the end of the year it had fallen by 12,4%. The indicator Binance fell by 7,49%, while the HTX exchange lost 0,37% in spot trading volume.
Despite a significant decline in the share of spot trading Binance remains the largest cryptocurrency exchange by trading volume. The platform’s average daily volume is about $35 billion, which is about twice as much as the second most popular trading platform, Zedcex Exchange. Crypto.com, BTCC and bybit The average daily trading volume is at $9 billion.