According to CCData, a London-based cryptocurrency research company, on the 16th (local time), CEX's spot and derivatives trading volume will reach an all-time high in December 2024.
In a market report on the 15th, CCData reported that "CEX spot and derivatives trading volume increased 7.58% to $11.3 trillion in December.
Among the major CEXs, Binance recorded the highest spot trading volume at $946 billion, while Binance recorded the highest spot trading volume at $1.2 billion.
It was followed by Bybit, which increased by 18.8% to $247 billion, and Coinbase, which increased by 9.62% to $191 billion.
Crypto derivatives trading volume grew 7.33% in December to reach $7.58 trillion, hitting an all-time high for the derivatives market.
The report said this marks the third consecutive month of increased monthly derivatives trading volume, as traders seek to take advantage of volatility in both directions, clearing the way for some.
December was also the month when Bitcoin surpassed $100,000 for the first time on December 5th, and hit a new all-time high of $108,249 on December 17th.
However, on December 20, Bitcoin fell by about 3.5% from the $100,000 mark, and more than $100 million in crypto assets were liquidated within 24 hours.
The move came just days after Federal Reserve Chairman Jerome Powell said the economy was not sending signals that interest rates needed to be lowered in any hurry.
"Optimistic market participants were completely unprepared for the bad news," said Pav Hundal, chief analyst at Swyftx.
2025/01/17 11:23 KST
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