🌐 In 2024, the cryptocurrency market’s spot trading volume remained highly concentrated.

🔹 Binance led with a $7.23 trillion trading volume, capturing 46.59% of the market share.

🔹 The top 5 exchanges—Binance, Bybit, Crypto.com, OKEx, and Coinbase—accounted for 81.24% of the market share.

🔹 Medium-sized exchanges like Upbit, Huobi, and Bithumb Korea contributed significantly but held less than 10% market share individually.

🔹 Smaller exchanges like Coinone, Korbit, and Binance US had market shares below 0.2%, exerting minimal influence.

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