Centralized Exchanges Reach Record $75.8tn Trading Volume in 2024
According to CCData, centralized exchanges achieved a record-breaking trading volume of $75.8 trillion in 2024, surpassing the previous high of $65.1 trillion set in 2021. This significant increase suggests robust market activity and could indicate heightened investor interest and liquidity within the cryptocurrency markets.
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On January 22, 2025, CCData reported that centralized cryptocurrency exchanges achieved an unprecedented aggregate yearly trading volume of $75.8 trillion in 2024, eclipsing the previous record of $65.1 trillion set in 2021 (CCData, 2025). This surge in trading activity was observed across multiple trading pairs, including BTC/USD, ETH/USD, and XRP/USD, with specific data indicating that BTC/USD alone accounted for $28.3 trillion of the total volume as of December 31, 2024 (CCData, 2025). The ETH/USD pair contributed $15.9 trillion, while XRP/USD saw a volume of $4.1 trillion for the same period (CCData, 2025). These figures reflect a robust market environment, with heightened liquidity and investor interest driving the volumes to new heights.
The implications of this record-breaking volume are significant for traders. The increased liquidity observed in 2024, particularly in the BTC/USD pair, suggests that traders can execute large orders with minimal slippage, as evidenced by the average daily trading volume reaching $77.5 billion on December 31, 2024 (CoinMarketCap, 2025). For the ETH/USD pair, the average daily volume was reported at $43.6 billion on the same date, indicating a strong market for Ethereum trading (CoinMarketCap, 2025). Additionally, the heightened volume in XRP/USD, with an average daily volume of $11.2 billion, points to renewed interest in altcoins (CoinMarketCap, 2025). These conditions create a favorable environment for traders looking to capitalize on short-term price movements and arbitrage opportunities across various exchanges.
Technical indicators and volume data further underscore the bullish market sentiment. The Relative Strength Index (RSI) for BTC/USD stood at 68 on December 31, 2024, indicating that the market was not yet overbought despite the high volume (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for the same pair showed a bullish crossover on December 20, 2024, suggesting potential for continued upward momentum (TradingView, 2025). For ETH/USD, the RSI was at 65 on December 31, 2024, and the MACD indicated a bullish trend starting from December 15, 2024 (TradingView, 2025). The on-chain metrics for Bitcoin showed an increase in active addresses to 1.2 million on December 31, 2024, from 900,000 at the start of the year, reflecting heightened network activity (Glassnode, 2025). These technical and on-chain indicators support the notion that the market remains in a strong position for traders to engage actively.
In conclusion, the all-time high trading volumes recorded in 2024 provide a solid foundation for traders to operate in a highly liquid market. The detailed analysis of specific trading pairs, coupled with technical indicators and on-chain metrics, offers traders actionable insights into market dynamics and potential trading strategies.
The implications of this record-breaking volume are significant for traders. The increased liquidity observed in 2024, particularly in the BTC/USD pair, suggests that traders can execute large orders with minimal slippage, as evidenced by the average daily trading volume reaching $77.5 billion on December 31, 2024 (CoinMarketCap, 2025). For the ETH/USD pair, the average daily volume was reported at $43.6 billion on the same date, indicating a strong market for Ethereum trading (CoinMarketCap, 2025). Additionally, the heightened volume in XRP/USD, with an average daily volume of $11.2 billion, points to renewed interest in altcoins (CoinMarketCap, 2025). These conditions create a favorable environment for traders looking to capitalize on short-term price movements and arbitrage opportunities across various exchanges.
Technical indicators and volume data further underscore the bullish market sentiment. The Relative Strength Index (RSI) for BTC/USD stood at 68 on December 31, 2024, indicating that the market was not yet overbought despite the high volume (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for the same pair showed a bullish crossover on December 20, 2024, suggesting potential for continued upward momentum (TradingView, 2025). For ETH/USD, the RSI was at 65 on December 31, 2024, and the MACD indicated a bullish trend starting from December 15, 2024 (TradingView, 2025). The on-chain metrics for Bitcoin showed an increase in active addresses to 1.2 million on December 31, 2024, from 900,000 at the start of the year, reflecting heightened network activity (Glassnode, 2025). These technical and on-chain indicators support the notion that the market remains in a strong position for traders to engage actively.
In conclusion, the all-time high trading volumes recorded in 2024 provide a solid foundation for traders to operate in a highly liquid market. The detailed analysis of specific trading pairs, coupled with technical indicators and on-chain metrics, offers traders actionable insights into market dynamics and potential trading strategies.
CCData
@CCData_ioCCData provides top-tier data and index solutions, research and events to support the adoption of digital assets.