Global cryptocurrency trading is on the rise, with CoinWire research predicting industry trading volumes will exceed $108 trillion by the end of 2024. If this estimate is correct, it means trade volume will increase by 90% compared to 2022.

The United States leads the way with projected cryptocurrency trading volume exceeding $2 trillion.

While the US may lead in trading volume, Europe dominates in the value of global cryptocurrency transactions, accounting for 37.32%.

Europe is actively shaping its cryptocurrency industry through regulations, providing clear guidance for traders and exchanges. The European Union's landmark markets regulation of cryptocurrency assets partially came into force on June 30, focusing on stablecoins.

Further regulation for cryptocurrency asset service providers is expected in December. This legislative framework, in development since 2020, represents the EU's first set of common market rules for crypto assets.

Cryptocurrency trading volume in Europe will reach $40.5 trillion by the end of 2024, up 2.7 times from $15 trillion in 2022, according to the study.