š In 2024, the cryptocurrency marketās spot trading volume remained highly concentrated.
š¹ Binance led with a $7.23 trillion trading volume, capturing 46.59% of the market share.
š¹ The top 5 exchangesāBinance, Bybit, Crypto.com, OKEx, and Coinbaseāaccounted for 81.24% of the market share.
š¹ Medium-sized exchanges like Upbit, Huobi, and Bithumb Korea contributed significantly but held less than 10% market share individually.
š¹ Smaller exchanges like Coinone, Korbit, and Binance US had market shares below 0.2%, exerting minimal influence.
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