The post Major CEXs see a 25% drop in spot trading volume in January 2025 from December 2024 appeared on BitcoinEthereumNews.com.

Major CEXs have witnessed a significant decline in spot trading volume compared to the volume recorded in December 2024. The top exchange in terms of change rate was HTX, with negative 8% while Bitget trailed behind with -46%. The derivative trading volume decreased by 17% month-over-month. Major crypto centralized exchanges witnessed a 25% drop in spot trading volume in January 2025 compared to the figures recorded in December 2024. Data collected and compiled by a WuBlockchain team shows that the top three exchanges in terms of change rate were HTX with a negative 8%, Kraken with a negative 10%, and Bybit with a negative 11%.  The exchanges that trailed behind claimed the bottom three spots: Bitget, with negative 46%; Kucoin, with negative 41%; and Mexc, with negative 36%.  Binance leads CEXs with the highest spot trading volume A chart shared in the report shows that Binance recorded the largest volume in both December last year and January 2025. The chart shows that the exchange witnessed a spot trading volume of more than $1 trillion in December and about $782 billion in January.  Crypto.com claimed second place with $321 million in December and $262 million in January. Bybit came in third with $257 million in December and $228 million in January, while Upbit followed closely behind with $287 million in December and $185 million in January.  Kraken, KuCoin, and Bitfinex occupied the bottom three slots. Kraken’s spot trading volume was about $54 million in December and $48 million in January, while KuCoin’s settled at $78 million in December and $46 million in January. According to the data, the MoM derivative trading volume declined by 17%. The data also showed that January’s top three firms in terms of change rate were Gate with a positive 3%, Mexc with a negative 4%, and…

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Filed under: News - @ February 12, 2025 2:17 am