Spot transaction volumes recorded on central cryptocurrency exchanges have been increasing for months.
Spot trading volumes on cryptocurrency exchanges last month for the fourth time in a row growing up to levels last seen in June 2022 reached.
According to CCData data, transaction volume increased last month compared to December increased by 4.45% to 1.4 trillion dollars output.
Binance increased its trading volume in January 2.73% increase to 473 billion dollars and maintained its leadership in the market.
As a result of the company’s legal battle with US regulators last year a decline in market share became and current market share as 31.3% announced.
While the market share of Coinbase exchange grew for the third consecutive month, reaching 5.42%, there was a decrease in the trading volume of OKX, the second largest cryptocurrency exchange.
Transaction volumes in the derivatives market decreased by 2.79% on a monthly basis, falling to 3.25 trillion dollars.
