In December, centralized exchanges (CEXs) saw extraordinary growth in crypto trading, reaching a new all-time record of $11.3 trillion in spot and derivatives trading volume. This represents a 7.58% increase over November, according to CCData.
Binance emerged as the leader in the spot trading market, with $946 billion in volume, up 0.13% from the previous month. Bybit followed closely with $247 billion, up 18.8%, while Coinbase hit $191 billion, up 9.62%.
The futures market also experienced tremendous growth, with trading volume increasing by 7.33% to $7.58 trillion, establishing yet another record. This surge demonstrates heightened volatility as traders sought to profit from price swings, particularly during the month where liquidations spiked.
The increase in trade volumes shows a high level of market liquidity and investor confidence. With Bitcoin reaching new price milestones, the healthy trading environment is driving optimism and laying the groundwork for further market surges.
