The fall of the cryptocurrency market in 2022 and 2023 significantly reduced trading volumes in the cryptocurrency markets, but in December the figure exceeded $1 trillion for the first time in 15 months. The Block writes about this.
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In December, a deal was concluded on spot cryptocurrency exchanges transactions worth $1.1 trillion.
As noted by The Block, the figure of $1 trillion was previously reported by the industry only in September 2022, when traders entered into agreements for $1.03 trillion. At the same time, trading volume was the highest since May 2022, when the figure was $1.35 trillion.
Binance remains the leading cryptocurrency exchange – trading volume on the spot platform amounted to $432.7 billion, or a share of 39.3 % of total trading volume. In second place was the Upbit exchange ($91.8 billion or 8.3%), and the OKX exchange closed the top three ($87.5 billion or 8%).
In 2021, the total trading volume on spot cryptocurrency market reached $4 trillion.
