Cryptocurrency exchange trading volume increased 27% in December
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According to a blog post published by Wu Blockchain on January 10, the spot trading volume of major cryptocurrency exchanges increased by 27.4% month-on-month.
this top three In terms of percentage changes, Gate is 65%, Crypto.com is 50%, and Bybit is 44%. The three largest decliners were BitMart down 24%, Bitget down 12%, and Upbit down 1%.
Website traffic increased by 21% compared with the previous month. The top three in terms of percentage change are Mexc (45%), Bybit (38%) and Gate (34%). The bottom three are Huobi, which fell by 80%; BitMart, which fell by 17%; and Bitget, which fell by 8%.
December was a month of significant growth for the largest cryptocurrency exchanges. In November 2023, cryptocurrency exchange traffic increased by 8.5% month-on-month, and spot trading volume increased by more than 60% during the same period.
The top three by trading volume include Binance, South Korea’s Upbit and OKX. In percentage terms, KuCoin’s trading volume increased the most, more than doubling, OKX increased by 93.4%, and MEXC increased by 69.7%.
As the cryptocurrency market recovers, users’ trading interest increases. Market capitalization across the cryptocurrency space soared late last year, with major cryptocurrency Bitcoin (BTC) hitting multi-month highs and being worth over $40,000, up 160% for the year.
The positive momentum continued earlier this year, with Bitcoin surpassing the $47,000 mark in anticipation of the SEC’s decision on a spot Bitcoin ETF application.
