Data from major tracking platforms reveals that over 400 active cryptocurrency exchanges operate worldwide, with new platforms launching regularly while others cease operations.
Leading market trackers monitor 215 major crypto exchanges daily. These exchanges process approximately $344 billion in trading volume every 24 hours.
The total cryptocurrency reserves held across these platforms amount to $297 billion.
Binance maintains its position as the largest exchange by volume. Other significant players include Bybit and OKX, which consistently rank among the top three platforms by trading activity.
Market dynamics affect exchange numbers constantly.
New exchanges enter the market to serve specific regions or trading needs. Existing platforms merge or close due to regulatory changes and market conditions.
