Report: Global cryptocurrency trading volume will exceed $108 trillion by the end of the year, with Europe dominating

BlockBeats news, July 13, according to a study released by CoinWire, global cryptocurrency trading volume will increase significantly, exceeding $108 trillion by the end of 2024, nearly 90% higher than the volume in 2022. The study was compiled by collecting a list of CEXs with a trust score greater than 6 on CoinGecko. CoinWire revealed that it also collected other data such as "network traffic of each CEX in different countries, peak trading time zones, languages supported by each CEX, and headquarters of each CEX."

The report shows that the United States currently ranks first in the world in terms of single-country trading volume. As a region, Europe's cumulative cryptocurrency trading volume accounts for 37.32% of the global market. On the other hand, Asia accounts for 36.17% of global digital currency trading volume, second only to Europe, highlighting geographic diversity and overall growth. The report said that the global market size dominated by Europe may be attributed to the region's "progressive" approach to cryptocurrency regulation.