Crypto.com Recognized as 2nd Largest Exchange in CoinGecko's Market Share Study
Crypto.com Secures 11.4% Market Share with Explosive Growth in Trading Volume
Key Takeaways
Crypto.com becomes the second-largest centralized exchange (CEX) with 11.4% market share in November 2024.
Crypto.com’s spot trading volume surged to $286.1 billion, a 91.5% increase from October 2024.
This rise highlights Crypto.com’s growing influence among institutional clients and global high-frequency traders.
Binance maintains the top position with a 39.1% market share.
In an impressive market shift, Crypto.com has been recognized as the second-largest centralized crypto exchange (CEX) by trading volume, according to CoinGecko’s latest study. For November 2024, Crypto.com recorded an 11.4% market share, with a spot trading volume of $286.1 billion. This marks a 91.5% surge from its $149.4 billion volume in October 2024, showcasing the exchange's robust growth and increased market dominance.
A Year of Growth and Momentum
Earlier in 2024, Crypto.com held a market share between 2% and 4%, but strategic moves, including attracting institutional investors and expanding services across over 100 countries, have propelled it to the forefront. Crypto.com’s rise demonstrates its ability to tap into a broad global user base and deliver a seamless trading experience, setting it apart from competitors.
Competitive Landscape
While Binance retained its position as the largest exchange with a 39.1% market share and a trading volume of $979.1 billion, Crypto.com’s leap to second place represents a significant achievement. Upbit followed closely in third place, recording a 9.3% market share and a trading volume of $231.8 billion.
The top 10 exchanges showed remarkable growth in November 2024, with seven exchanges posting triple-digit growth percentages. This surge underscores the ongoing expansion and volatility in the crypto market.
Crypto.com’s Strategic Edge
Crypto.com’s ascent can be attributed to its commitment to regulatory compliance, security, and user-centric services. Its ecosystem supports both retail and institutional investors, offering a diverse range of products and benefits. This milestone reinforces Crypto.com’s mission to make cryptocurrency accessible to everyone and cements its place as a leader in the crypto exchange market.
About Crypto.com
Founded in 2016, Crypto.com serves more than 100 million customers worldwide and is a pioneer in regulatory compliance, security, and innovation. The company’s vision is “Cryptocurrency in Every Wallet™,” driving adoption through cutting-edge technology and empowering a fairer digital ecosystem.
About CoinGecko
CoinGecko is a leading cryptocurrency data aggregator providing comprehensive information on thousands of coins and exchanges. Known for its market insights and research, CoinGecko tracks real-time trading volume, market share, and trends within the cryptocurrency industry.
Source: CoinGecko Market Share of Centralized Crypto Exchanges, by Trading Volume
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