2024

Block

Trillion

Coin

<ul class="news-points"> 
 <li>In December 2023, the global cryptocurrency market reached a notable milestone, surpassing $1 trillion in monthly trading volume.</li> 
 <li>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).</li> 
 <li>The anticipation of Bitcoin ETFs led to a surge in Bitcoin’s price, exceeding $45,000.</li> 
</ul> 
The <a href="https://coinedition.com/market/">global cryptocurrency market</a> 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.&nbsp; 
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. 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/h9LjaOq_LGI0mrPelJrnE5uA5Nx2QXc3WggsRTK9EyRqdskA5m_nj6zYfHfQIzClMT6AaHF_-f1-fJv8EEDBWig9Tn7V49U8lzs2zkc9t6gOjRA5Id_tZKUfe69dZV8FDwmO_l58_JjUzDUi041v1LM" alt="">
 <figcaption class="wp-element-caption">
 Source: The Block
 </figcaption>
 </figure>
</div> 
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…
The post <a href="https://coinedition.com/crypto-exchange-trading-volume-hits-1-1-trillion-in-december-2023/">Crypto Exchange Trading Volume Hits $1.1 Trillion in December 2023</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Exchange Trading Volume Hits $1.1 Trillion in December 2023

Coin Edition

Other articles published on Jan 4, 2024

We asked ChatGPT what will be the Solana price in 2024; Here’s what it said

AI Chatbots Vulnerable to “Masterkey” Attack, Researchers Warn

Another DeFi Platform was Hacked, Thousands of Ethereum (ETH) were Stolen! This Altcoin Dropped 5...

AI Elvis Presley Takes the Stage – Unveiling the World’s First Immersive Concert Experience

Binance Labs Invests In Memecoin, MEME Price Rally Ahead?

Bitcoin’s Surge Triggers Price Hike in Mining Hardware

Join our free newsletter for daily crypto updates!