- Binance has been ranked as the top crypto exchange with 53% of people using it.
- The 2024 Crypto Survey confirmed that Coinbase and Kraken are used by part-time traders.
- Bitcoin, Ethereum, and L2 projects are the most popular investment topics.
Binance has been named the top global exchange for 2024. Coinbase took the top spot in the United States, according to a new report from CryptoQuant.
CryptoQuant’s 2024 Crypto Survey revealed that 53% of participants use Binance as their primary exchange. This makes it the most popular exchange worldwide. Also, 51% of respondents made their highest profit on Binance, and 48% hold most of their assets on the platform.
Related: Crypto Exchanges Ranked: Binance Leads Spot Volume in 2024
The survey also found that full-time traders tend to use Binance, Bybit, Bitget, and OKX. Part-time traders prefer U.S.-based exchanges like Kraken and Coinbase. Binance clearly leads the centralized exchange industry, while Coinbase’s dominance is limited.
CoinMarketCap data shows that Binance has a 24-hour spot volume of $28.62 billion. Bybit is in second place with $7.89 billion. Coinbase holds the third spot with $6.41 billion, followed by OKX and Upbit.
Related: Malaysia Taps Binance and UAE for Crypto Expansion
2024 Crypto Survey Highlights
CryptoQuant’s 2024 Crypto Survey found that Bitcoin, Ethereum, and Layer 2 projects are the most popular among investors. However, the survey also indicated that artificial intelligence (AI) and blockchain integrations are becoming increasingly important for innovation and investment.
The survey also revealed that 76% of participants prefer spot trading over other crypto products and services, such as derivatives and staking. Interestingly, “Earn” products, offered by many exchanges, remain unpopular. Only 28% of users said they use these products.
Finally, the survey found that “Do Your Own Research” (DYOR) is the most common approach to crypto investing. This suggests that the market and its participants have matured. Most crypto users are young, experienced, and educated. 60% are between 25 and 44 years old, and 62% have more than three years of experience in the industry.
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