Crypto Usage Demographics (by Josh Howarth) March 12, 2024

Naturally, as the number of cryptocurrencies has increased, so too has the number of cryptocurrency exchanges.

As of March 2024, there are 724 exchanges. That figure is up from 671 in November 2023.

Here is a closer look at the top five decentralized exchanges (according to coingmarketcap.com) right now:

CMC RankExchange24hr Trading VolumeMarketsCoins1Binance$43.4 billion1,5254022Coinbase Exchange$6.09 billion3942413Bybit$6.19 billion8055604OKX$6.05 billion6443195Upbit$9.2 billion296190

All figures are accurate as of March 12, 2024.

Source: CoinMarketCap

Conclusion

That wraps up the state of cryptocurrency today. Specifically, the number of cryptocurrencies that currently exist.

Cryptocurrency has exploded into the general consciousness. And while there has been a fair amount of fluctuation, the general market is only going one way (up), with Bitcoin still leading the charge.

For other related blog posts, have a look at Top 5 Cryptocurrency Trends and Top 5 DeFi trends.