Annual trading volume reports from cryptocurrency market data providers like Kaiko or CoinMarketCap

Bitcoin Trading Volume Hits Record $2.874 Trillion from January to August 2024

Sep 10, 2024, 09:52 AM

Bitcoin trading volume has reached unprecedented levels in 2024, with a cumulative volume of $2.874 trillion recorded from January to August. This surpasses the previous record set during the 2021 bull market by nearly 20%, according to Paris-based Kaiko. The surge in trading volume is attributed to increased market volatility and the launch of spot Bitcoin ETFs in the US. Notably, BlackRock's spot Bitcoin ETF, IBIT, alone saw $767.85 million in trading volume in a single day. Daily trading volumes on the top 10 crypto platforms have also jumped 30% since 2023, with Binance leading at $19 billion daily, followed by Bybit at $4 billion and Coinbase at $2.8 billion, per Yahoo News.