TokenInsight – Crypto Exchange Report, 1Q 2024

In the first quarter of 2024, the crypto market saw continued growth, with the total market capitalization increasing to $2.7 trillion. Bitcoin (BTC) reached a new all-time high of $73,737.9 in March, surpassing the $70,000 threshold for the first time. TokenInsight has released their Exchange Quarterly Report, analyzing the performance of the exchange industry during this bullish market. The top 10 exchanges saw a 72.5% increase in trading volume, reaching $17 trillion in Q1 2024, compared to $9.9 trillion in Q4 2023. This growth rate exceeded the 54% increase seen in Q4 last year. With BTC's price expected to continue rising due to the upcoming halving, the total trading volume for exchanges is anticipated to maintain its upward trend in Q2 2024. Through this report, TokenInsight aims to provide insights into the changes in the exchange market based on the data performance of the top 10 centralized exchanges.