United

Trillion

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/coinwire-expects-108-trillion-crypto-trade" data-wpel-link="internal" rel="noopener noreferrer nofollow">CoinWire Expects $108 Trillion Crypto Trade</a><br></p>
<p style="text-align: justify">CoinWire conducted a comprehensive study projecting that the global cryptocurrency trade volume will surpass $108 trillion by the end of 2024. This forecast represents a significant 90% increase compared to 2022, signaling the burgeoning interest and investment in the crypto market. The United States is anticipated to lead this surge with a projected trade volume exceeding $2 trillion.</p>
<h2 id="europe-s-dominant-role-in-crypto-transactions">Europe’s Dominant Role in Crypto Transactions</h2>
<p style="text-align: justify">While the USA might be at the forefront in terms of volume, Europe commands a substantial 37.32% share of the global cryptocurrency transaction value market. The European Union has been proactive in establishing regulations that help lawmakers comprehend <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">financial </a><a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow">technologies</a> and offer clear directives for investors and exchanges. The landmark Markets in Crypto-Assets (MiCA) regulation, particularly focusing on stablecoin projects, partially came into effect on June 30, with additional guidelines set to be implemented in December.</p>
<p style="text-align: justify">This legal framework, under development since 2020, represents the EU’s first uniform market rules for crypto assets. The study estimates Europe’s crypto trade volume will grow from $15 trillion in 2022 to $40.5 trillion by 2024. Asia follows closely with a 36.17% share in the global cryptocurrency transaction value.</p>
<h2 id="key-insights-from-coinwire-s-research">Key Insights from CoinWire’s Research</h2>
<p style="text-align: justify">CoinWire’s findings were derived from analyzing the web traffic of centralized exchanges with a high trust score on CoinGecko. The analysis considered factors such as supported languages, headquarters locations, and trading time zones. Notably, <a href="https://en.bitcoinhaber.net/binance-introduces-aevo-on-launchpool-for-crypto-derivatives-trading" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> emerged as the leading crypto exchange globally, dominating over 100 countries with a trading volume of $2.77 trillion. Despite a lower trade volume of $3.9 billion, Binance.US also shares this extensive global presence.</p>
<p style="text-align: justify">On July 5, Binance celebrated its seventh anniversary, marking a milestone of 200 million users worldwide. OKX and Cex.io follow Binance with significant presences in 93 and 92 countries, recording trading volumes of $759 billion and $1.83 billion, respectively. Coinbase and Bybit operate in 90 and 87 countries, with trading volumes of $662 billion and $1.14 trillion, respectively.</p>
<h2 id="actionable-insights-for-users">Actionable Insights for Users</h2>
<p style="text-align: justify">To leverage the projected growth in crypto trade:</p>
<ul>
 <li>Explore diverse crypto exchanges to optimize trading opportunities.</li>
 <li>Stay informed about regulatory changes, especially in Europe, for compliant trading.</li>
 <li>Consider the leading exchanges like Binance for broader market access.</li>
 <li>Monitor emerging markets in Asia and Europe for strategic investments.</li>
</ul>
<p style="text-align: justify">In conclusion, CoinWire’s study highlights an inevitable surge in cryptocurrency trade volumes, with the USA and Europe poised as major players. The evolving regulatory landscape, especially within the EU, signifies a structured growth path for the crypto market, offering vast opportunities for investors and traders worldwide.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/coinwire-expects-108-trillion-crypto-trade" data-wpel-link="internal" rel="noopener noreferrer nofollow">CoinWire Expects $108 Trillion Crypto Trade</a></h5>

CoinWire Expects $108 Trillion Crypto Trade

Table of Contents

BH NEWS

Other articles published on Jul 12, 2024

Genesis moves $760m BTC to Coinbase amid sell-off

Superior Burn and Buyback Tactics Set MoonBag Crypto Apart from the Struggling BlastUP and Jupiter

Shiba Inu Dev Shytoshi Kusama Invites Elon Musk For Sit-Out

Crypto: Is the Flat Tax Threatened by the NFP?

Next-Gen DeFi Cryptos Leading the Market: Top Altcoins to Watch

Hedera's Price Prediction: Will It Surge Past Resistance Levels?

Join our free newsletter for daily crypto updates!