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- Binance has been ranked as the highest crypto trade with 53% of individuals utilizing it.
- The 2024 Crypto Survey confirmed that Coinbase and Kraken are utilized by part-time merchants.
- Bitcoin, Ethereum, and L2 initiatives are the most well-liked funding matters.
Binance has been named the highest world trade for 2024. Coinbase took the highest spot in the US, in response to a brand new report from CryptoQuant.
CryptoQuant’s 2024 Crypto Survey revealed that 53% of members use Binance as their main trade. This makes it the most well-liked trade worldwide. Additionally, 51% of respondents made their highest revenue on Binance, and 48% maintain most of their belongings on the platform.
Associated: Crypto Exchanges Ranked: Binance Leads Spot Quantity in 2024
The survey additionally discovered that full-time merchants have a tendency to make use of Binance, Bybit, Bitget, and OKX. Half-time merchants desire U.S.-based exchanges like Kraken and Coinbase. Binance clearly leads the centralized trade business, whereas Coinbase’s dominance is proscribed.
CoinMarketCap information exhibits that Binance has a 24-hour spot quantity of $28.62 billion. Bybit is in second place with $7.89 billion. Coinbase holds the third spot with $6.41 billion, adopted by OKX and Upbit.
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2024 Crypto Survey Highlights
CryptoQuant’s 2024 Crypto Survey discovered that Bitcoin, Ethereum, and Layer 2 initiatives are the most well-liked amongst buyers. Nevertheless, the survey additionally indicated that synthetic intelligence (AI) and blockchain integrations have gotten more and more essential for innovation and funding.
The survey additionally revealed that 76% of members desire spot buying and selling over different crypto services and products, resembling derivatives and staking. Curiously, “Earn” merchandise, provided by many exchanges, stay unpopular. Solely 28% of customers mentioned they use these merchandise.
Lastly, the survey discovered that “Do Your Personal Analysis” (DYOR) is the commonest strategy to crypto investing. This means that the market and its members have matured. Most crypto customers are younger, skilled, and educated. 60% are between 25 and 44 years outdated, and 62% have greater than three years of expertise within the business.
Disclaimer: The knowledge introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any variety. Coin Version is just not chargeable for any losses incurred because of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.