In 2024, global cryptocurrency trading is set to reach over $108 trillion, a dramatic increase of nearly 90% from 2022, according to Coinwire.
The U.S. is expected to lead this surge, with trading volumes projected to exceed $2 trillion.
Crypto trading volumes have grown 42% since 2023, reflecting a broader market expansion of 89% over the past three years. This growth underscores a worldwide rise in the adoption of digital assets.
Europe is the largest player in crypto trading, responsible for 37.32% of the global transaction value, with Russia and the UK leading in volume. Turkey and India are significant contributors, each surpassing $1 trillion in trading activity.
Asia ranks second in global crypto transaction value, holding 36.17% of the market. The region’s growth is driven by high mobile usage and strong technological infrastructure.
Binance remains the top crypto exchange, leading in 100 of 136 countries with a trading volume of $2.77 trillion. Other major exchanges include OKX and CEX.IO, with volumes of $759 billion and $1.83 billion, respectively. Coinbase and Bybit also have substantial volumes, trading in 90 and 87 countries.
Despite recent market turbulence, including the collapse of FTX and regulatory hurdles, centralized exchanges drove $36 trillion in trading last year, spurred by optimism around U.S. Bitcoin ETFs. The latest data also shows stablecoins surpassing Visa’s monthly transaction average, highlighting their growing influence in the financial landscape.
Nvidia’s recent market retreat hasn’t shaken analysts’ confidence in the stock’s long-term potential. Despite a dip to $135.13 at the close of the last session, chart watchers say a powerful setup could send NVDA soaring toward the $200 mark in the coming months.
The team behind Pi Network is diving into the gaming industry with the release of FruityPi, a new application designed to highlight the practical use of its ecosystem tools, including the Pi cryptocurrency, wallet, and ad services.
The FTX Recovery Trust has initiated a new $5 billion round of reimbursements, starting May 30, for creditors who completed the necessary steps.
As Nvidia’s stock continues its upward surge, company executives are preparing to cash in. CEO Jensen Huang is expected to sell up to $800 million worth of shares under a trading plan adopted earlier this year, marking his first such sale of 2025.