Study: Q1 Spot-Traded Volumes of Top 10 Exchanges Nearly Double to $4.29 Trillion
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In the first quarter of 2024, spot trading volumes of the top ten centralized exchanges (cex) topped $4.29 trillion, a 95.3% increase from the previous quarter. Despite facing legal challenges Binance remained the largest cex platform with a market share of 50%. The top crypto asset manager Grayscale’s converted GBTC exchange-traded fund (ETF) was the […]
At the recent BNBDay event in Tokyo, Binance founder Changpeng “CZ” Zhao said decentralized exchanges (DEXs) will eventually surpass their centralized counterparts (CEXs) in trading volume. CZ noted that while CEXs currently dominate the market due to their liquidity and user-friendly experience, the momentum is shifting toward decentralized finance (DeFi).…
In August, CEXs (centralized crypto exchanges) witnessed their spot trading volume dropping to $322 billion, a half size compared to January’s $636 billion, according to data reported today by CryptoQuant analyst Axel Adler Jr. That’s significantly down from records experienced earlier this year, indicating a decrease in trading activity. As…
In June, total crypto market capitalization posted a modest 2.62% gain, even as volatility stayed elevated due to increased geopolitical tensions in the Middle East. Investor anxiety over potential energy supply disruptions and growing regional instability led to persistent pressure on asset prices. Despite this, the DEX to CEX spot…