Report: Global cryptocurrency trading volume will exceed $108 trillion by the end of the year, with Europe dominating

According to a study published by CoinWire, global cryptocurrency trading volume will increase significantly and will exceed $108 trillion by the end of 2024, nearly 90% higher than the volume in 2022. The study was compiled by collecting a list of CEXs with a trust score greater than 6 on CoinGecko. CoinWire revealed that it also collects other data such as “each CEX’s network traffic in different countries, peak trading time zones, languages ​​supported by each CEX, and each CEX’s headquarters.” The report shows that the United States currently ranks first in the world in terms of transaction volume in a single country. As a region, Europe’s cumulative cryptocurrency trading volume accounts for 37.32% of the global market. Asia, on the other hand, accounts for 36.17% of global digital currency trading volume, ranking second behind Europe, highlighting geographic diversity and overall growth. The global market size, dominated by Europe, may be attributed to the region’s “incremental” approach to cryptocurrency regulation, the report said. (Bitcoinist)