PANews reported on January 16 that according to Cryptonews, according to the latest market report from CCData, the total spot and derivative trading volume for centralized crypto exchanges (CEX) in December 2024 reached 11.3 trillion US dollars (up 7.58%), a record high. Binance continued to lead in spot trading, with a trading volume of 946 billion US dollars, a slight increase of 0.13%. It was followed by Bybit and Coinbase, with trading volumes of 247 billion US dollars (up 18.8%) and 191 billion US dollars (up 9.62%), respectively.
Crypto derivatives trading volume also climbed sharply, increasing by 7.33% to $7.58 trillion, setting a new monthly high for derivatives trading volume. CCData noted that liquidations surged as traders tried to profit from market volatility. The December trading boom coincided with Bitcoin's historic rise, with Bitcoin breaking the $100,000 mark for the first time on December 5 and reaching a peak of $108,249 on December 17. Pierre Rochard, vice president of research at Riot Platforms, said the surge marked a significant reversal after two consecutive years of declining trading volume since 2021. During the 2021 bull run, Bitcoin's trading volume peaked at $47 trillion, but fell sharply in the following years.
