AltIndex’s report showed that this growth was driven by Bitcoin's rally, spot ETF approvals, increased DeFi activities, and regulatory clarity in key regions.
Binance dominated the market by reportedly processing 40% of all crypto trades with $7.7 trillion in trading volume.
The crypto market experienced a monumental performance
in 2024. Boosted by major developments like regulatory clarity, Bitcoin spot
ETF approvals, and DeFi innovations, the average monthly trading volume soared
to $1.5 trillion, up a staggering 135% from last year, AltIndex reported.
A Historic Year for Trading Volumes
The crypto market experienced a major resurgence in
2024, reportedly recording its second-highest trading volumes in history. November alone reached $2.7 trillion in trades, a three-year high, surpassing even some of the
most active months of the 2021 bull run.
December followed suit, affirming 2024’s status as one of the best years with a full-year total trading volume of $18.4 trillion. Despite
falling short of 2021's all-time high of $26.2 trillion, 2024’s numbers
represented a significant recovery, nearly doubling last year’s $650 billion
monthly average.
Source: AltIndex
Unsurprisingly, Binance maintained its dominance on the
market, processing 40% of all crypto trades this year. The exchange generated
$7.7 trillion in trading volume, averaging $641 billion per month.
Coinbase came in a distant second, with a full-year
total of $1.2 trillion and a monthly average of $99 billion. According to the research, several factors
underpinned this year’s remarkable performance. Bitcoin's strong rally,
bolstered by the approval of spot ETFs, brought renewed confidence to the
market.
What Drove the 2024 Surge?
DeFi platforms also attracted substantial activity,
driving institutional and retail adoption. Regulatory clarity in key
regions like the US and Europe provided additional momentum, reassuring wary
investors.
While skeptics warn that the market remains heavily
reliant on Bitcoin's trajectory, the broader adoption of decentralized finance
and blockchain technologies suggests a more resilient foundation.
For 2025, the question remains whether 2024’s momentum
can be sustained or if the market will face another cyclical downturn. At the
moment, the crypto market is experiencing mixed performance.
Source: CoinMarketCap
According to CoinMarketCap data, the leading cryptocurrency, Bitcoin, is down 1% and 2% in the past day and week, respectively, at $93k. The second largest digital asset, Ethereum, has added 2% in the past week.
On the other hand, XRP has declined 4% and 5% in the
past day and week, respectively. Solana (SOL) is up 5% in the past week, while
Cardano has declined 2% to change hands at $0.8754. Additionally, meme token
Dogecoin added 2% on the weekly chart.
The crypto market experienced a monumental performance
in 2024. Boosted by major developments like regulatory clarity, Bitcoin spot
ETF approvals, and DeFi innovations, the average monthly trading volume soared
to $1.5 trillion, up a staggering 135% from last year, AltIndex reported.
A Historic Year for Trading Volumes
The crypto market experienced a major resurgence in
2024, reportedly recording its second-highest trading volumes in history. November alone reached $2.7 trillion in trades, a three-year high, surpassing even some of the
most active months of the 2021 bull run.
December followed suit, affirming 2024’s status as one of the best years with a full-year total trading volume of $18.4 trillion. Despite
falling short of 2021's all-time high of $26.2 trillion, 2024’s numbers
represented a significant recovery, nearly doubling last year’s $650 billion
monthly average.
Source: AltIndex
Unsurprisingly, Binance maintained its dominance on the
market, processing 40% of all crypto trades this year. The exchange generated
$7.7 trillion in trading volume, averaging $641 billion per month.
Coinbase came in a distant second, with a full-year
total of $1.2 trillion and a monthly average of $99 billion. According to the research, several factors
underpinned this year’s remarkable performance. Bitcoin's strong rally,
bolstered by the approval of spot ETFs, brought renewed confidence to the
market.
What Drove the 2024 Surge?
DeFi platforms also attracted substantial activity,
driving institutional and retail adoption. Regulatory clarity in key
regions like the US and Europe provided additional momentum, reassuring wary
investors.
While skeptics warn that the market remains heavily
reliant on Bitcoin's trajectory, the broader adoption of decentralized finance
and blockchain technologies suggests a more resilient foundation.
For 2025, the question remains whether 2024’s momentum
can be sustained or if the market will face another cyclical downturn. At the
moment, the crypto market is experiencing mixed performance.
Source: CoinMarketCap
According to CoinMarketCap data, the leading cryptocurrency, Bitcoin, is down 1% and 2% in the past day and week, respectively, at $93k. The second largest digital asset, Ethereum, has added 2% in the past week.
On the other hand, XRP has declined 4% and 5% in the
past day and week, respectively. Solana (SOL) is up 5% in the past week, while
Cardano has declined 2% to change hands at $0.8754. Additionally, meme token
Dogecoin added 2% on the weekly chart.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
After Returning Billions Last Year, FTX Starts Another Creditor Payout Round
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
