Source: Coingecko; Compiled by Baishui, Golden Finance
Binance is the largest centralized exchange in 2024, with a market share of 39.0%. In 2024, its trading volume was 7.35 trillion US dollars.
Followed closely by Bybit, with a market share of 9.3% and a trading volume of 1.75 trillion US dollars.
Crypto.com ended 2024 as the third largest centralized cryptocurrency exchange with a market share of 6.8% and a spot volume of $1.29 trillion.
Crypto.com was the fastest growing centralized exchange in 2024 with a growth of +969.7%. Its annual volume grew from $120.6 billion in 2023 to $1.29 trillion in 2024, the first time it has reached $1 trillion in volume.
Coming in second place is Bybit, with a growth of +397.8% in 2024. It grew from $351.2 billion in 2023 to $1.75 trillion in 2024. Similar to Crypto.com, it has broken the $1 trillion mark for the first time since its inception.
Meanwhile, Gate.io was the third fastest increaser, with volume increasing by +241.5% from $294.5 billion in 2023 to $1.01 trillion in 2024.
In 2024, the top 15 centralized cryptocurrency exchanges had spot volume of $18.83 trillion. This is a +134.0% increase ($10.78 trillion) from 2023’s volume of $8.05 trillion.
While 2024’s volume is much higher than 2022 and 2023, it still pales in comparison to 2021, which saw the top 15 exchanges generate $25.21 trillion in annual volume during the 2021 bull cycle.
2021 was the year with the most trading volume, reaching an all-time high of $25.21 trillion. This is an increase of +566.8% ($21.43 trillion) from 2020's $3.78 trillion in trading volume.
Some notable events in 2021 include:
Bitcoin hits an all-time high of $69,044
Terra’s UST stablecoin gains popularity
NFT popularity surges
Altchain activity surges such as Binance Smart Chain, Polygon, Avalanche, and Fantom
Coinbase debuts on Nasdaq, quickly becoming the world’s largest listed cryptocurrency company
Crypto market capitalization reaches $3 trillion for the first time
OKX, HTX, and MEXC are centralized cryptocurrency exchanges that have lost market share since 2020. In 2020, these exchanges held 16.3%, 16.0%, and 16.6% market share, respectively. However, by the end of 2024, their market share had fallen to 6.2%, 4.4%, and 4.1%. While these exchanges have maintained or increased trading volumes over the years, new entrants have surpassed them.
The entry of new exchanges such as Crypto.com, Bybit, and BingX has successfully eaten into the market share of long-standing exchanges. FTX is also a major player, accounting for 2.6% of trading volume in 2021 and 4.8% in 2022. This made it the sixth largest exchange for two years before its eventual closure.
The centralized cryptocurrency exchange landscape has changed dramatically between 2020 and 2024. The ranking order has been constantly changing, with Binance being the only exchange to dominate the market throughout the entire period.
The top 15 centralized cryptocurrency exchanges and their market share over the years are as follows:
The annual cumulative spot trading volume of the top 15 centralized cryptocurrency exchanges by market share is as follows:
Consensys has announced a 20% workforce reduction, cutting approximately 162 employees, due to economic challenges and ongoing regulatory disputes, particularly with the SEC.
Anais10月29日（周二），美国最新就业数据显示9月份职位空缺降至2021年初以来的最低水平，裁员增加，暗示劳动力市场正在趋缓，致使股市走势不明。同时，10月消费者信心指数攀升至今年新高，市场对经济前景的担忧有所缓解。在美国大选前夕，比特币自6月以来首次突破73,000美元大关。
Alex作为微软的重要股东，贝莱德将通过投票参与微软是否应探索比特币收购的决策。
Miyuki据知情人士透露，美国前总统特朗普家族旗下加密项目World Liberty Financial正筹划推出一种新型稳定币，目前该项目已进入产品开发的关键阶段。
Miyuki马斯克警告美国债务危机，并宣布“金融紧急状态”。随着美国35.7万亿美元债务引发市场担忧，比特币表现强劲，涨幅媲美黄金。马斯克多次强调美国经济面临严峻挑战。
AlexChangpeng Zhao, founder of Binance, made his first public appearance since his prison release at the Binance Blockchain Week in Dubai, discussing his reflections on his incarceration and future plans. He expressed a renewed appreciation for personal connections, a commitment to education, and intentions to invest in emerging sectors while remaining optimistic about the future of cryptocurrency.
Joy近年来，迷因币的快速崛起及其高回报率吸引了大量市场关注，但知名NFT收藏家Pranksy近日在推特上公开批评迷因币，表示每天醒来看到迷因币的存在令他沮丧，并直指其“毫无价值”。
Weiliang根据《The Information》报道，Meta 正在开发自主 AI 搜索引擎，计划将其整合至 Meta AI，以提供最新资讯和实时事件摘要，降低对 Google 和 Bing 的依赖。为此，Meta 特别组建了一个工程团队，已投入八个月时间建设搜索引擎数据资源库。
AlexPudgy Party will bring Pudgy Penguins into mobile gaming with a fun, teamwork-focused experience available globally in 2025. Built on the Mythos blockchain, it blends digital gameplay with real-world items and community engagement, making it accessible and customisable for players of all ages.
WeatherlyCardano 宣布将整合比特币 Rollup 协议 BitcoinOS，成为比特币的二层网络（L2），以释放高达 1.3 万亿美元的比特币流动性。不同于依赖中心化托管商的封装比特币，Cardano 的 BitcoinOS Grail bridge 让用户可以无信任地将比特币转移至 Cardano 网络，参与 DeFi 等多种应用。
Miyuki