Summary
- In December, the trading volume of centralized exchanges surpassed previous records, proving the market boom.
- The most active exchange was Binance, which stood out in spot trading volume.
- The surge in trading volume was largely attributed to the rise in Bitcoin prices and large-scale liquidations.
In December, the virtual asset (cryptocurrency) market experienced an unprecedented boom, with centralized exchange (CEX) trading volumes reaching record levels.
On the 16th, the cryptocurrency specialist media Cointelegraph reported, citing data from CCData, that the spot and derivatives trading volumes of centralized exchanges in December reached $11.3 trillion (approximately 1.65 quadrillion won), a 7.58% increase from the previous month.
The centralized exchange with the highest trading volume was Binance. Binance recorded a spot trading volume of $9,640, a 0.13% increase from the previous month. It was followed by Bybit ($247 billion) and Coinbase ($191 billion).
Derivatives trading volume increased by 7.33% from the previous month, reaching $7.58 trillion, the largest ever.
The media evaluated that the surge in centralized exchange trading volumes was significantly influenced by Bitcoin (BTC) reaching $100,000 for the first time in history and the resulting large-scale liquidations due to increased volatility.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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