TechFlow reported on January 14 that cryptocurrency analyst Maartunn stated on social media that the 2024 spot trading volume data in the crypto market shows market activity is highly concentrated among a few key players, led by Binance. Binance's cumulative spot trading volume reached $7.23 trillion, accounting for 46.59% of the market share. The top five exchanges collectively control approximately 81.24% of the total cumulative spot trading volume; mid-sized exchanges have some trading volume but each holds less than 10% market share; small exchanges collectively account for a negligible portion of the market, with each holding less than 0.2% share.
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