A Coinwire study says that the amount of crypto traded will be more than $108 trillion in 2024, which is 90% more than in 2022. The US has more than $2 trillion, making it the leader.
Since 2023, the amount of crypto traded has grown by 42%, and the market has grown by 89% in the last three years. When it comes to crypto dealing, Europe is the leader, with 37.32% of the world’s transaction value.
Russia and the UK are next, with 27.32% each. With more than $1 trillion worth of trade, Turkey is ranked second in the world, and India is ranked third. Asia comes in second with 36.17%, thanks to a lot of smartphones, a strong tech infrastructure, and growing interest from institutions.
Binance is still the most popular cryptocurrency exchange, with $2.77 trillion worth of trades happening on it every day in 100 of the 136 countries it serves. OKX, CEX.IO, Coinbase Exchange, and Bybit are some other well-known platforms.
It pointed out how competitive crypto platforms are and how digital assets are becoming more important in the world’s financial system. An economist recently talked about how mixing AI and crypto could help the economy grow by $20 trillion by 2030.
The number of transactions involving stablecoins was higher than Visa’s monthly average of $1.2 trillion, which shows how popular they are becoming. Trading volume for crypto funds hit a record $30 billion, with US-spot bitcoin ETFs playing a big role. Bitcoin’s value went over $67,000 and is getting close to silver’s market cap of $1.38 trillion.
