According to Odaily, a study by CoinWire indicates that global cryptocurrency trading volume is projected to exceed $108 trillion by the end of 2024, marking an increase of nearly 90% compared to 2022. The research was compiled using CoinGecko's list of centralized exchanges (CEX) with a trust score greater than 6. CoinWire also gathered additional data, including web traffic for each CEX in different countries, peak trading time zones, supported languages, and headquarters locations for each CEX.

The report highlights that the United States currently ranks first in terms of individual country trading volume. As a region, Europe leads with a cumulative cryptocurrency trading volume accounting for 37.32% of the global market. Asia follows closely, contributing 36.17% to the global digital currency trading volume, underscoring the geographical diversity and overall growth in the market.

The report suggests that Europe's dominance in the global market size may be attributed to the region's 'progressive' approach to cryptocurrency regulation.