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.
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
