The trading volume of the top 10 cryptocurrency exchanges reached US$34.26 trillion in 2023, a year-on-year decrease of 16%

According to a report by TokenInsight, a cryptocurrency rating and research company, the total trading volume of the top 10 cryptocurrency exchanges will reach a staggering $34.26 trillion before 2023, a 16% decrease from the previous year.The report emphasized that Binance's market share has slightly decreased, dropping from 54.2% to 48.7% for the year. This more than 5% drop is attributed to regulatory events and Binance's zero-fee Bitcoin promotion that was halted in March. Exchanges such as Huobi and Bybit have benefited, with their market shares significantly increasing to 4.3% and 2.2%, respectively.