According to Coingecko, Binance remains the leader among centralized exchanges, with a massive 34,7% market share as of 2024. The platform has a daily trading volume of $18,27 billion and leads the way with its many cryptocurrencies, advanced trading tools, and low fees.
Despite regulatory issues in the US and Europe, every month Binance are visited by more than 82 million people, which indicates the great popularity of the platform. However, the shares of other crypto exchanges are also growing: Crypto.com и Upbit The figures reached 11,2% and 9,8%, respectively.
Crypto.com is gaining popularity with the launch of new options such as crypto debit cards and loyalty programs. Upbit Leads in South Korea for its compliance with local regulations.
bybit has an 8,9% market share and is popular with derivatives traders for its highly leveraged options. US-based Coinbase has a 6,5% market share of centralized exchanges, while Gate.io — 6,8%, Bitget — 6,4%, OK — 6,2%, MEXC — 6,1% and HTX — about 3,3%.
According to Coingecko, users of these platforms are attracted by the ability to copy trades, early access to new cryptocurrency projects, and compliance with regulations in different jurisdictions.