According to BlockBeats, on January 2nd, The Block reported that centralized cryptocurrency exchange (CEX) spot trading volume fell to $1.13 trillion in December, a new low since September 2024, down 32% from $1.66 trillion in November and down 49% from $2.23 trillion in October.
Binance accounted for 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 still maintains its market dominance with a monthly trading volume of $60 billion.