Surge in Spot Trading Volume Reaches $1.1 Trillion, Breaks Records
In December 2023, the cryptocurrency market witnessed an unprecedented surge in spot trading, surpassing the $1 trillion mark for the first time in over a year. Data compiled by The Block revealed that the total spot trading volume across exchanges reached an astounding $1.1 trillion, marking a substantial resurgence from previous months. This surge was notably higher than the last recorded instance in September 2022, when the trading volume hit $1.03 trillion. December’s figures showcased a remarkable rebound and set a new monthly record since May 2022 when trading volume peaked at $1.35 trillion.
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