PANews reported on January 14 that CryptoQuant analyst Maartunn released data showing that the spot trading volume of the crypto market in 2024 is highly concentrated, and Binance leads the market with a trading volume of 7.23 trillion US dollars, accounting for 46.59% of the market share. The top five exchanges (Binance, Bybit, Crypto.com, OKEx and Coinbase) account for a total of 81.24% of the market share. Medium-sized exchanges such as Upbit, Huobi and Bithumb Korea have made significant contributions, but their individual market shares are all less than 10%. In contrast, small exchanges such as Coinone, Korbit and Binance US have a market share of less than 0.2%, and the overall impact is limited.