Crypto spot trading surpasses May 2021 peak, fueling $11.3t activity: CCData
In December, crypto trading on centralized exchanges hit $11.3 trillion, with spot volumes blowing past the May 2021 peak as volatility spiked.
December was a huge month for crypto trading on centralized exchanges as spot and derivatives volumes combined jumped 7.58% to a record-breaking $11.3 trillion, data aggregated by CCData shows.
Spot trading hit $3.73 trillion, up 8.10%, smashing the previous peak from May 2021. Derivatives weren’t far behind, rising 7.33% to $7.58 trillion for their third straight monthly increase. But the spotlight was on spot trading, as its share of total volume grew while derivatives saw their lowest market share since June 2022.
“The increased spot market share highlights the…
