{"id":20283,"date":"2025-01-13T19:30:00","date_gmt":"2025-01-13T17:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/cex-spot-volumes-surged-139-in-2024\/"},"modified":"2025-01-13T19:30:00","modified_gmt":"2025-01-13T17:30:00","slug":"cex-spot-volumes-surged-139-in-2024","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cex-spot-volumes-surged-139-in-2024\/","title":{"rendered":"CEX spot volumes surged 139% in 2024"},"content":{"rendered":"<p>Spot trading volumes on centralized exchanges (CEXs) rose 139% in 2024 from the previous year, WuBlockchain said in its <a href=\"https:\/\/wublock.substack.com\/p\/2024-cex-annual-report-binances-lead\">annual report<\/a>.<\/p>\n<p>Totals were about $7.68 trillion in 2023 and $18.38 trillion in 2024.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXd6OV34lYwN3gI4zaQbW6XeFTjmz0Nq-9Q2Zsfe6SAy7eXlnZK9eKvTCBpSim24pIGBbihpNlbGdLsYcq6uuWS9wb-0djxK4A0EKw8L1B_9BWEPkQTSeCF4jm_KC-uqlBKhGrw99w?key=zSy2EyedTxs4w4VsrigaPL4k\" alt=\"CEX spot volumes surged 139% in 2024\"\/><figcaption class=\"wp-element-caption\">Spot trading volumes on centralized exchanges, 2023\u20132024. Source: WuBlockchain.<\/figcaption><\/figure>\n<p>Crypto.com led growth with a 960% increase. Bybit ranked second at 392%, Gate third at 244%.<\/p>\n<p>Aggregate crypto-derivatives volumes rose 91% \u2014 from $27.85 trillion to $53.24 trillion. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcgurIs0tBoT_P5B3Rixw2xGcmSc9bO0Z5hJ6Z71GE66-8KX8bj8oJ54D8b1YdVYd4Tbm1jZYTNTdvLdBG88cZDt-ZCkIZnR2DvNC3vlXjo8YDPqE8tT_Dd-U4j4H3_gPCItuVz?key=zSy2EyedTxs4w4VsrigaPL4k\" alt=\"CEX spot volumes surged 139% in 2024\"\/><figcaption class=\"wp-element-caption\">Futures trading volumes on centralized exchanges, 2023\u20132024. Source: WuBlockchain.<\/figcaption><\/figure>\n<p>Over the same period, total traffic to centralized cryptocurrency exchanges rose 22%.<\/p>\n<p>Binance\u2019s dominance narrowed in 2024, according to WuBlockchain: its market share fell from 49% to 39% in spot, and from 50% to 38% in derivatives. Bybit became the second-largest spot venue, with Crypto.com third.<\/p>\n<p>Decentralized exchanges also saw gains. In December 2024, aggregate monthly trading volume <a href=\"https:\/\/u1f987.com\/en\/news\/dex-trading-volume-hits-record-463-billion-in-december\">hit<\/a> a record $463 billion. Uniswap led with $106.4 billion, followed by PancakeSwap at $96.4 billion and Raydium at $58 billion. <\/p>\n<p>Over 2024, the number of registered Binance users rose 47%, surpassing 250 million. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spot trading volumes on centralized exchanges (CEXs) rose 139% in 2024 from the previous year, WuBlockchain said in its annual report. Totals were about $7.68 trillion in 2023 and $18.38 trillion in 2024. Spot trading volumes on centralized exchanges, 2023\u20132024. Source: WuBlockchain. Crypto.com led growth with a 960% increase. Bybit ranked second at 392%, Gate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,787,1145],"class_list":["post-20283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-dex","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"108","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20283"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/20282"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}