Crypto Exchange Trading Volume Hits $1.1 Trillion in December 2023

• In December 2023, the global cryptocurrency market reached a notable milestone, surpassing $1 trillion in monthly trading volume.
• Binance emerged as the leader, contributing 39.3% ($432.7 billion) to December’s total trading volume, followed by UPbit (8.3%, $91.8 billion).
• The anticipation of Bitcoin ETFs led to a surge in Bitcoin’s price, exceeding $45,000.

The global cryptocurrency market witnessed a significant milestone in December 2023. The data shows that the monthly trading volume surged past the $1 trillion mark for the first time since September 2022. 

The Block data spans from January 2023 to January 2024 and includes major cryptocurrency exchanges such as Binance, UPbit, OKX, Huobi, Coinbase, and a category encompassing “34 Others.”

Data from The Block’s Data Dashboard reveals that December’s trading volume reached $1.1 trillion, surpassing the previous threshold set in September 2022 at $1.03 trillion.

According to the data, Binance led the charge in December, accounting for 39.3% of the month’s total volume, amounting to $432.7 billion. UPbit and OKX followed with 8.3% ($91.8 billion) and 8% ($87.5 billion) of the volum…

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