Cex Data’s Remarkable 20% Jump in Spot Trading and Derivatives!

Key Points:

• Crypto.com, Bitget, and Binance shine with significant growth at 46%, 42%, and 26%.
• Mexc, Bybit, and Gate lead in website traffic increases with 45%, 38%, and 34%.
• Huobi faces a staggering -80% decline, raising questions about user engagement.

The spot trading volume across major exchanges experienced a substantial surge, recording an impressive 27.4% month-on-month increase in December.

Among the top performers in terms of percentage change, Gate led the pack with a remarkable 65% surge in spot trading volume, followed closely by Crypto.com at 50%, and Bybit at 44%. These exchanges have evidently attracted a surge in user engagement, possibly driven by evolving market trends or unique offerings.

On the flip side, some exchanges faced challenges, with BitMart witnessing a notable decline at -24%, followed by Bitget at -12%, and Upbit at -1%. These numbers may spark discussions within the crypto community, raising questions about the factors influencing such declines.

Major Exchanges Report 22.3% MoM Increase!

Shifting focus to derivative trading volume, major exchanges collectively reported a 22.3% month-on-month increase in December. The standout performers in this category included Crypto.com with a 46% surge, Bitget at 42%, and Binance at 26%. These figures highlight a continued interest in speculative trading and hedging strategies among cryptocurrency enthusiasts.

However, the derivative trading landscape also witnessed setbacks, with Mexc experiencing a decline of -13%, followed by Huobi at -5%, and Kucoin at 14%. Such fluctuations prompt further exploration into the dynamics influencing trading preferences and market sentiment.

Website traffic for major exchanges exhibited a robust 21% month-on-month increase in December. Mexc, Bybit, and Gate emerged as the leaders in this domain, showcasing percentage changes of 45%, 38%, and 34%, respectively. Conversely, Huobi faced a drastic downturn with an -80% change in traffic, accompanied by declines for BitMart at -17%, and Bitget at 8%.