PANews reported on January 2nd that, according to data from The Block, cryptocurrency trading volume on CEXs fell to $1.13 trillion in December, hitting a 15-monthPANews reported on January 2nd that, according to data from The Block, cryptocurrency trading volume on CEXs fell to $1.13 trillion in December, hitting a 15-month
Crypto market trading volume cooled in December: CEXs declined by 32% month-over-month, and DEXs also saw a decline.
PANews reported on January 2nd that, according to data from The Block, cryptocurrency trading volume on CEXs fell to $1.13 trillion in December, hitting a 15-month low, down 32% from $1.66 trillion in November and 49% from $2.23 trillion in October. Binance held the largest share of cryptocurrency trading volume on CEXs last month, reaching $367.35 billion, followed by ByBit, HTX, Gate, and Coinbase. Analysts attributed the decline to factors such as seasonal sentiment, reduced volatility, and year-end position adjustments. Furthermore, DEX trading activity also declined last month, with total trading volume falling to $245 billion. This figure represents a 20% decrease from $306 billion in November and a 46% decrease from $451.2 billion in October. Uniswap maintained its market dominance with a monthly trading volume of $60 billion.
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