Crypto exchanges gain 27% in trading volume in December

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In line with a Jan. 10 weblog put up by Wu Blockchain, spot buying and selling quantity on main crypto exchanges elevated by 27.4% month-on-month.

The top three by proportion change had been Gate with 65%, with 50%, and Bybit with 44%. The three that fell essentially the most had been BitMart by 24%, Bitget by 12%, and Upbit by 1%.

Crypto exchanges gain 27% in trading volume in December - 1

Web site site visitors noticed a 21% enhance in comparison with the earlier month. The highest three by proportion change had been Mexc with 45%, Bybit with 38%, and Gate with 34%. The underside three had been Huobi, which fell by 80%; BitMart, which decreased by 17%; and Bitget, which noticed an 8% decline.

Crypto exchanges gain 27% in trading volume in December - 2

December was a month of great progress for the biggest crypto exchanges. In November 2023, site visitors on cryptocurrency exchanges grew by 8.5% in comparison with the earlier month, and spot buying and selling volumes grew by greater than 60% throughout the identical interval.

The highest three concerning quantity included Binance, South Korean Upbit, and OKX. In proportion phrases, buying and selling volumes elevated essentially the most on KuCoin, which greater than doubled, OKX growing by 93.4%, and MEXC seeing a 69.7% bump.

Customers’ curiosity in buying and selling elevated because the cryptocurrency market recovered. On the finish of final 12 months, the market capitalization of the whole cryptocurrency sector surged, with the primary cryptocurrency, Bitcoin (BTC), reaching multi-month highs, growing in worth to greater than $40,000 and up 160% for the 12 months.

Earlier this 12 months, the optimistic momentum continued, and BTC surpassed the $47,000 mark amid anticipation of the Securities and Alternate Fee’s resolution on purposes for spot Bitcoin ETFs.

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