- Binance was ranked as the very best crypto trade with 53% of individuals utilizing it.
- Crypto Survey 2024 confirmed that Coinbase and Kraken are utilized by part-time merchants.
- Bitcoin, Ethereum and L2 initiatives are the preferred funding subjects.
Binance has been named the very best international trade for 2024. Coinbase has been ranked primary in the USA, in line with a brand new CryptoQuant report.
CryptoQuant Crypto Survey 2024 revealed that 53% of members use Binance as their main trade. This makes it the preferred inventory trade worldwide. Additionally, 51% of respondents made their highest revenue on Binance and 48% maintain most of their belongings on the platform.
Associated: Crypto Trade Rankings: 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 US exchanges like Kraken and Coinbase. Binance clearly leads the centralized trade trade, whereas Coinbase's dominance is restricted.
CoinMarketCap knowledge exhibits that Binance has a 24-hour spot quantity of $28.62 billion. Bybit is in second place with $7.89 billion. Coinbase holds third place with $6.41 billion, adopted by OKX and Upbit.
Associated: Malaysia faucets Binance and UAE for crypto growth
2024 Cryptocurrency Survey Highlights
CryptoQuant's Crypto Survey 2024 discovered that Bitcoin, Ethereum and Layer 2 initiatives are the preferred amongst buyers. Nevertheless, the survey additionally confirmed that synthetic intelligence (AI) and blockchain integration are more and more necessary for innovation and funding.
The survey additionally revealed that 76% of members desire spot buying and selling over different crypto services reminiscent of derivatives and betting. Apparently, the “Earn” merchandise supplied by many exchanges stay unpopular. Solely 28% of customers reported utilizing these merchandise.
Finally, the survey discovered that “Do Your Personal Analysis” (DYOR) is the commonest method to investing in cryptocurrencies. This means that the market and its members have matured. Most cryptocurrency customers are younger, skilled and educated. 60% are between the ages of 25 and 44 and 62% have greater than three years of expertise within the trade.
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