TokenInsight – Crypto Exchange Report, 2024 Q2

In Q2 of 2024, the top 10 crypto exchanges had a total trading volume of $16.3 trillion, which was a 9.2% decrease compared to the previous quarter. This decline was attributed to the overall pessimistic performance of the crypto market during Q2. Binance remained the leading exchange with nearly $6.8 trillion in volume, although its market share decreased slightly. Other exchanges such as OKX, Bybit, and Bitget experienced growth in their market share. Monthly volumes for exchanges also declined throughout Q2, with April seeing a 30% drop from March and May and June experiencing sequential decreases. Bitcoin's price fluctuated between $60k and $70k during Q2 and is expected to continue fluctuating in Q3. Overall, the report suggests that trading volumes in Q3 are likely to remain stable without significant increases.