In December, cryptocurrency trading on centralized exchanges reached $11.3 trillion, with spot trading volumes surpassing their peak in May 2021 as volatility rose.

December was a huge month for cryptocurrency trading on centralized exchanges, with combined spot and derivatives transaction volumes jumping 7.58% to a record $11.3 trillion, according to data compiled by CCData. He appears.

Spot trading reached $3.73 trillion, up 8.10%, shattering the previous peak recorded in May 2021. Derivatives were not far behind, rising 7.33% to $7.58 trillion for the third straight monthly increase. But the focus was on spot trading, as its share of total volume grew while derivatives saw their lowest market share since June 2022.

“The increase in spot market share highlights the growing impact of spot trading on digital asset prices as markets turn cautious with reports pointing to lower interest rate cuts in 2025.”

CCData

Over the past year, centralized exchanges saw nearly $76 trillion in trading volume in 2024, surpassing the record $65.1 trillion from 2021. Derivatives trading accounted for 69.2% of trading volume, demonstrating how popular these products are, it said. CCData explains.

Some exchanges emerged as big winners. Petgate, Coinbaseand crypto.com Their market share increased to 10.5%, 5.43%, and 4.71%, respectively. At the same time, Binance, OK xand Cooperative Lost land. Despite the decline, Binance is still the top exchange in terms of market share, holding 35.1% of the total market, the data shows.

They are followed by Bybit and OKX with 12.8% and 12.4%, while Bitget and Coinbase complete the top five.