DEVELOPMENTS & TRENDS AT CRYPTOCURRENCY EXCHANGES IN, 2024!

Centralised Exchanges (CEXs) have encountered huge revival in the year, 2024. Top 10 Exchanges reached a $4.29 Trillion in the first quarter of this year. This figure is the highest since the last quarter of, 2021. Binance has retained its supremacy as the world leader. It controls 50% of the world market. Smaller Exchanges like,MEXC have seen reduction in the market share as traders' preference shifted to high capitalised tokens like, Ethereum and Bitcoin. Eclipse and Celestia have advanced modular designs by separating data availability, settlements and execution layers to improve scalability and proficiency. For the first time since, 2022 Stablecoin has had a supply increase. Big Exchanges are being scrutinised to adhere to regional Laws and regulations. Decentralised Exchanges (DEXs) namely, UniSwap have become alternatives to Centralised Exchanges due to tightening regulatory framework s with CEXs. The Cryptocurrency industry is gaining popularity. They're alot of changes to the market coupled with emerging technologies. The United kingdom is rewarding Exchanges that comply with their regulations. This year, many investors held Crypto Assets Long-term as hedge against inflation. Decentralised Finance (DeFi) protocols are gaining popularity with features like, Liquid Staking and Restaking. This allows users to maximise on their profits without compromising liquidity. The expected resolution of the FTX bankruptcy, with the potential leading to partial refunds to the affected users, marks a critical turn of events for reconstruction of confidence in the Crypto Industry. An Inter-platform Token Swap is another quantum leap. By allowing tokens to travel seamlessly across platforms, the trend improves liquidity and makes it easier for users to interact within the Crypto Industry. In the light of the above, we can see maturity in the Crypto ecosystem.