Crypto trader Binance ranked among the largest cryptocurrency exchangers in the world in 2024, with trading volume that was several times as high as Bybit or OKX. It should be noted that these figures are separate from platforms Binance.US, Binance TR or Binance.KR. The platform from the Cayman Islands faced investigations from the U.S. SEC, which came to a head in November 2023. Binance did not rank as the most used cryptocurrency exchanges used by consumers in the United States.
Binance's settlement with the U.S.
In November 2023, Binance agreed to pay a four billion U.S. dollar settlement with United States agencies — one of the biggest corporate fines in U.S. history. The U.S. Department of Justice investigated the platform for years for failure to prevent money laundering and growing crypto theft. The company's founder and CEO Changpeng Zhao pleaded guilty to the charges, agreeing to step down. Zhao would remain as the company's majority shareholder. The U.S. Treasury announced Binance will be subject to five years of monitoring and “significant compliance undertakings, including to ensure Binance’s complete exit from the United States.”
Mixed signals from crypto companies
The Binance settlement occurred in a month when overall crypto trading volume recorded its highest numbers for all of 2023. One of the main causes is the sudden popularity of FTT, a token released by FTX — the company founded by Sam Bankman-Fried. The developments surrounding Binance caused investors to move away from Binance's stablecoin BNB to the stablecoin from FTX. Earlier in November 2023, however, Coinbase saw its shares fall after announcing its quarterly performance figures.
FAQs
Binance remains the world's largest cryptocurrency exchange by average daily trading volume, but you will not find it among the firms we ranked.
Which crypto will boom in 2024? ›
Top 10 Cryptos in 2024
| Coin | Market Capitalization | Current Price |
|---|
| Ripple (XRP) | $28 billion | $0.51 |
| Dogecoin (DOGE) | $22 billion | $0.15 |
| Tron (TRX) | $10 billion | $0.12 |
| Polkadot (DOT) | $9.9 billion | $6.9 |
6 more rows7 days ago
Binance remains the world's largest cryptocurrency exchange by average daily trading volume, but you will not find it among the firms we ranked.
How big is the crypto market in 2025? ›
Crypto Market Set to Surge to $7.5 Trillion by 2025, Say Bernstein Analysts. This bullish outlook is driven by expectations of Bitcoin's ascent to a $3 trillion asset, fueled by the successful launch of exchange-traded funds (ETFs) and sustained inflows.
What are the largest crypto futures exchanges? ›
CME Group is already ranked first for trades of bitcoin futures, beating out competitors like Binance, the world's largest crypto exchange by trading volume.
Which crypto will skyrocket in 2025? ›
Ripple (XRP)
Ripple's XRP Ledger (XRPL) is predicted to see $30-50 trillion in XRP trading by 2025. This forecast is based on market expansion, regulatory clarity, and the adoption of Ripple's technology.
Which cryptocurrency will reach $10,000? ›
Ethereum (ETH) has the potential to reach $10,000, driven by its smart contract capabilities and the introduction of Ethereum-based ETFs.
What is the top 3 crypto exchange? ›
As of today, we track 216 crypto exchanges with a total 24h trading volume of $60.2 Billion, a 32.95% change in the last 24 hours. Currently, the 3 largest cryptocurrency exchanges are Bybit, Coinbase Exchange, and OKX.
What are the 3 biggest Cryptos? ›
Total Cryptocurrency Market Cap: $2,585,351,637,376
| Rank | Name (Symbol) | Market Cap |
|---|
| 1 | Bitcoin (BTC) | 1,371,004,967,225 |
| 2 | Ethereum (ETH) | 448,644,644,703 |
| 3 | Tether USDt (USDT) | 111,295,512,147 |
| 4 | BNB (BNB) | 90,885,370,393 |
77 more rows1. Coinbase. Coinbase is the most popular cryptocurrency exchange based in the United States, and offers an extremely user-friendly UI and trading experience.
This Top Cryptocurrency Could Reach $1 Million by 2030, According to Jack Dorsey. A growing number of crypto investors now think that Bitcoin (CRYPTO: BTC) could hit a price of $1 million within the next few years.
How much will crypto be worth in 10 years? ›
CRYPTO: BTC
However, some experts have offered bold projections. Cathie Wood, the founder, chief executive officer, and chief investment officer of ARK Invest, believes that Bitcoin could be worth $1 million per coin before 2030, as adoption by institutional investors increases.
Which meme coin will explode in 2025? ›
Top 5 sh*tcoins to BUY And Be RICH in the Year 2025💥🔥🔥 Bonk- Solana Meme Coin with 119 Integrations across 10 Chains Bonk was one of the first meme coins to put the Solana blockchain on the map for meme traders and developers. Now, BONK has more than 660,000 token holders and a market cap of $1.57 billion.
What are Tier 1 exchanges? ›
Tier 1 exchanges typically offer high liquidity, stringent security measures, a global user base, and comprehensive listings of various digital assets, providing a robust and trustworthy trading environment.
What is the worlds most traded crypto? ›
30 Symbols
- BTC-USD66,694.261,581.21% Bitcoin USD.
- ETH-USD3,086.14135.21% Ethereum USD.
- USDT-USD1.000.00% Tether USDt USD.
- BNB-USD578.609.07% BNB USD.
- SOL-USD168.288.85% Solana USD.
- USDC-USD1.000.00% USD Coin USD.
- XRP-USD0.520.00% XRP USD.
- TON11419-USD6.56-0.06% Toncoin USD.
'The Greatest Trade of All Time': $13,000 Worth of Shiba Inu Coin Bought Last Year Now Worth $5 Billion.
What is the fastest blockchain in 2024? ›
Solana stands out as the fastest blockchain, with a record number of 91 million transactions processed in a single day, on April 6, 2024. This feat represents an average rate of 1500 crypto transactions per second (TPS), which is 46 times faster than Ethereum and more than 5 times faster than Polygon.
What is the ETH prediction for 2024? ›
According to Cryptonewz, by the end of the current year 2024, ETH will touch $5,000. By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500.
How much will 1 ethereum be worth in 2030? ›
Ethereum (ETH) Price Prediction 2024-2040
| Year | Minimum Price | Maximum Price |
|---|
| 2027 | $11,892.81 | $14,527.55 |
| 2028 | $18,352.16 | $20,942.91 |
| 2029 | $26,883.31 | $31,829.82 |
| 2030 | $38,664.13 | $47,066.29 |
8 more rowsXRP is forecasted to see a price range from a support of $0.42 to a resistance of $0.94 in 2024, with an average trading value of $0.64. This indicates a moderate increase from today's price, positioning XRP as a potentially stable investment in the Ripple network.
