CEX derivatives trading volume hit a record $7,58 trillion in December

Bitcoin hit an all-time high this month, rising above $108 000

16.01.2025 - 10:05

3 min

What’s new? According to CCData, December 2024 was the best December in history in terms of trading volume on the spot and derivatives markets of centralized crypto exchanges (CEXs). During the month, the aggregate grew by 7,58% to reach $11,3 trillion. Among the largest CEX traditionally leads Binance with spot trading volume of $946 billion (+0,13%), followed by Bybit — $247 billion (+18,8%), and Coinbase — $191 billion (+9,62%).

Material by Cointelegraph

What else is known? As for the derivatives market, its trading volume rose 7,33% in December to a record $7,58 trillion.

“This is the third consecutive increase in monthly derivatives volume as traders look to capture volatility on both directions with liquidations spiking during the month,” CCData write.

Bitcoin reached $100 000 for the first time on December 5 and hit an all-time high of $108 353 on December 17.

Trading volume on decentralized exchanges hit a record at $320,5 billion in December

The rate of centralized platforms is also at its highest since 2021

At the same time, only on December 20, positions worth over $1 billion were liquidated in the crypto market. Bitcoin then retreated almost 3,5% from the $100 000 level, as a few days earlier, US Federal Reserve Chairman Jerome Powell said that the economy was not signaling the need for an accelerated reduction in the key rate.

The Fed’s first interest rate meeting for 2025 is scheduled for January 29. The crypto market is now seeing more chances for its lowering, as the January 15 US Consumer Price Index (CPI) report showed lower-than-expected core inflation in December.