CoinWire analysts said that as cryptocurrencies become more widely accepted, their transaction volumes will grow exponentially over the next few years. By the end of this year, cryptocurrency trading volume could exceed $108 trillion.

According to a report by the analytical portal CoinWire, the US leads with the highest digital asset trading volume in 2024, exceeding $2 trillion. Europe dominates the cryptocurrency transaction market. In addition, Europe has the best-developed regulation of the crypto market. The digital asset trading volume in Europe is expected to reach at least $40 trillion by the end of 2024, which is 2.7 times more than the $15 trillion in 2022.

The largest cryptocurrency exchange Binance is the leader among other trading platforms, with a trading volume of $2.77 trillion. Following Binance are exchanges such as OKX and Cex.io, with a presence in 93 and 92 countries, respectively, and trading volumes of $759 billion and $1.83 billion.

Earlier, the Chainalysis platform reported that since 2019, approximately $100 billion worth of “dirty” cryptocurrency has been sent to crypto exchanges. At the same time, almost 30% of these assets ended up on sanctioned services.