ChainCatcher news, according to a study released by CoinWire, global cryptocurrency trading volume will increase significantly and will exceed $108 trillion by the end of 2024, nearly 90% higher than the trading 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 collected other data such as "each CEX's network traffic in different countries, peak trading time zones, languages ​​supported by each CEX, and the headquarters of each CEX."

The report shows that the United States currently ranks first in the world in terms of single-country trading volume. Europe, as a region, accounts for 37.32% of the global market in terms of cumulative cryptocurrency trading volume. On the other hand, Asia accounts for 36.17% of global digital currency trading volume, second only to Europe, highlighting geographic diversity and overall growth. The report said that the global market size dominated by Europe may be attributed to the region's "progressive" approach to cryptocurrency regulation.