The overall spot and derivative trading volume for centralized crypto exchanges (cexes) hit a record high of $11.3 trillion in Dec. 2024. According to market data from CCData, this record high came from a 7.58% increase in the previous month.

With a trading volume of $946 billion, Binance maintained its position as the market leader in spot trading. Trade volumes of $247 billion and $191 billion saw Bybit and Coinbase come next.

The historic ascent of bitcoin, which initially crossed the $100,000 threshold on December 5 and peaked at $108,249 on December 17, coincided with the December trading hype. Additionally, trading volume for cryptocurrency derivatives surged, rising 7.33% to $7.58 trillion, a new monthly high for derivatives trading volume.

The report observed a surge in liquidations as traders tried to profit from market turbulence. On Dec. 20, there was a significant $1 billion liquidation as bitcoin dropped 3.5% from its $100,000 level after remarks made by Federal Reserve Chair Jerome Powell indicating that there would be no hasty interest rate cuts.

In 2024, the Bitcoin network completed more than $19 trillion in transactions, more than doubling the $8.7 trillion that was settled in 2023. The U.S. also consolidated its dominance in bitcoin mining by the end of 2024, controlling more than 40% of the world’s bitcoin hashrate.

January’s market outlook improved as the U.S. Consumer Price Index (CPI) report revealed core inflation for December was lower than anticipated, increasing the likelihood of interest rate cuts.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。