2024

Notable

Trillion

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/coinwire-predicts-global-crypto-trade-volume-will-exceed-108-trillion-by-2024/" data-wpel-link="internal">CoinWire Predicts Global Crypto Trade Volume Will Exceed $108 Trillion by 2024</a><br></p>
<p class="p1" style="text-align: justify"><strong>CoinWire</strong> conducted a study predicting that the industry trade volume will exceed $108 trillion by the end of 2024, indicating that the global crypto trade hype is just beginning. The study revealed that the year-end forecast is 90% higher than in 2022. The country with the highest projected crypto trade volume for the year is the USA, exceeding $2 trillion.</p> 
<h2 class="p1" style="text-align: justify" id="crypto-trade-volume-increases">Crypto Trade Volume Increases</h2> 
<p class="p1" style="text-align: justify">While the USA may lead in crypto trade volume, <strong>Europe</strong> leads the global cryptocurrency transaction value market with 37.32%. Europe is one of the world’s most proactive regions in defining the cryptocurrency industry through regulations. These regulations are designed to help lawmakers understand <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">financial </a><a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">technology</a> and provide clear guidelines for investors and exchanges to navigate the market.</p> 
<p class="p1" style="text-align: justify">The European Union’s landmark Markets in Crypto-Assets regulation partially came into effect on June 30, focusing on stablecoin projects. Additional regulations for crypto asset service providers will come into effect in December.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-370073 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/coinwire.png" alt="" width="2013" height="1353"></p> 
<p class="p1" style="text-align: justify">This legal framework, worked on since 2020, is the EU’s first set of uniform market rules for crypto assets. The survey expects Europe’s crypto trade volume to increase 2.7 times from $15 trillion in 2022 to $40.5 trillion in 2024. Asia ranks second with 36.17% of the world’s cryptocurrency transaction value.</p> 
<h2 class="p1" style="text-align: justify" id="notable-data-from-the-research">Notable Data from the Research</h2> 
<p class="p1" style="text-align: justify">The study’s findings were made by analyzing web traffic of centralized exchanges with a trust score above gold on <strong>CoinGecko</strong>, based on supported languages, headquarters location, and trading time zones. Another data point revealed that <a href="https://en.coin-turk.com/binance-launches-glm-perpetual-contracts-with-leverage-options/" data-wpel-link="internal">Binance</a> dominates crypto exchanges worldwide in over 100 countries with a trading volume of $2.77 trillion.</p> 
<p class="p1" style="text-align: justify">Binance.US, despite having a lower trade volume of $3.9 billion, also dominates the same number of countries. According to the research, this data makes Binance the most widely used exchange worldwide. On July 5, the exchange celebrated its seventh anniversary and the milestone of reaching 200 million users globally. OKX and Cex.io follow Binance with presences in 93 and 92 countries and trading volumes of $759 billion and $1.83 billion, respectively. <strong>Coinbase</strong> and Bybit operate in 90 and 87 countries, with trading volumes of $662 billion and $1.14 trillion, respectively.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/coinwire-predicts-global-crypto-trade-volume-will-exceed-108-trillion-by-2024/" data-wpel-link="internal">CoinWire Predicts Global Crypto Trade Volume Will Exceed $108 Trillion by 2024</a></h5>

CoinWire Predicts Global Crypto Trade Volume Will Exceed $108 Trillion by 2024

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