Crypto Market Poised for 90% Increase in Trading Volume by 2024

Cryptocurrency trading worldwide is seeing a significant upswing, with CoinWire forecasting that trading volumes will hit $108 trillion by the end of 2024, marking a 90% rise since 2022.

The United States is expected to lead with over $2 trillion in trading volume, while Europe leads in transaction value, making up 37.32% of the global share.

Europe’s proactive regulatory stance, highlighted by the Markets in Crypto-Assets Regulation that took effect in June, has provided clear guidelines for the industry.

Further regulations are expected by December, aiming to establish a comprehensive market framework for crypto assets. The region’s trading volume is projected to reach $40.5 trillion in 2024, up from $15 trillion in 2022.

READ MORE:

FTX Token (FTT) Forecast: Analyst Predicts Rally to $4

Asia also plays a significant role, contributing 36.17% of global transaction value. Binance remains the dominant exchange across more than 100 countries, with a trading volume of $2.77 trillion.

OKX, Cex.io, Coinbase, and Bybit are also major players, each operating in numerous countries with substantial trading volumes. The surge in global crypto trading, coupled with increasing regulatory clarity, signals a rapidly evolving and maturing industry poised for continued growth.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.