Binance remains the leader among centralized exchanges, with a massive 34.7% market share as of 2024, according to Coingecko. The exchange has $18.27 billion in daily trading volume and leads the way thanks to its wide range of cryptocurrencies, advanced trading tools, and low fees.
Despite regulatory issues in the US and Europe, Binance is visited by over 82 million people every month, indicating the platform's popularity. However, the shares of other crypto exchanges are also growing: Crуpto.com and Upbit have reached 11.2% and 9.8%, respectively.
Crуpto.com is gaining popularity due to the launch of new options such as crypto debit cards and loyalty programs. Upbit is leading in South Korea due to its compliance with local regulations.
Bуbit has an 8.9% market share and is popular with derivatives traders due to its highly leveraged options. US-based Coinbase has a 6.5% market share of centralized exchanges, Gate.io has 6.8%, Bitget has 6.4%, OKX has 6.2%, MEXC has 6.1%, and HTX has about 3.3%.
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