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According to a Jan. 10 blog post by Wu Blockchain, spot trading volume on major crypto exchanges increased by 27.4% month-on-month. 
The <a href="https://wublock.substack.com/p/cex-data-in-dec-spot-and-derivative" target="_blank" rel="noopener">top three</a> by percentage change were Gate with 65%, Crypto.com with 50%, and Bybit with 44%. The three that fell the most were BitMart by 24%, Bitget by 12%, and Upbit by 1%. 
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Website traffic saw a 21% increase compared to the previous month. The top three by percentage change were Mexc with 45%, Bybit with 38%, and Gate with 34%. The bottom three were Huobi, which fell by 80%; BitMart, which decreased by 17%; and Bitget, which saw an 8% decline. 
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December was a month of significant growth for the largest crypto exchanges. In November 2023, traffic on cryptocurrency exchanges grew by 8.5% compared to the previous month, and spot trading volumes grew by more than 60% during the same&nbsp;period. 
The top three regarding volume included <a href="https://crypto.news/tag/binance/">Binance</a>, South Korean <a href="https://crypto.news/tag/Upbit/">Upbit</a>, and <a href="https://crypto.news/tag/OKX/">OKX</a>. In percentage terms, trading volumes increased the most on KuCoin, which more than doubled, OKX increasing by 93.4%, and MEXC seeing a 69.7% bump. 
Users’ interest in trading increased as the cryptocurrency market recovered. At the end of last year, the market capitalization of the entire cryptocurrency sector surged, with the main cryptocurrency, Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>), reaching multi-month highs, increasing in value to more than $40,000 and up 160% for the year. 
Earlier this year, the positive momentum continued, and BTC <a href="https://crypto.news/bitcoin-reaches-47k-as-trading-volume-soares-nearly-120/">surpassed</a> the $47,000 mark amid anticipation of the Securities and Exchange Commission’s decision on applications for spot Bitcoin ETFs. 
 Read more: <a href="https://crypto.news/analyst-bitcoin-about-to-hit-parabolic-trigger/"> Analyst: Bitcoin about to hit parabolic trigger </a>

Crypto exchanges gain 27% in trading volume in December

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