Exchange Review

CryptoCompare’s monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

  • January 4, 2023
Report cover

Exchange Review

CryptoCompare’s monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

  • January 4, 2023

Report Summary

The crypto market continued its downward trend in December with Bitcoin and Ethereum falling 3.68% and 7.72% to $16,531 and $1,195, respectively. This decline in price has coincided with falling trading activity across both spot and derivatives markets, exacerbated by the holiday period in December.

December Highlights

  • Spot volume declined significantly in December to levels not seen since 2019.
  • Total spot trading volumes decreased 48.4% to $544bn. Top-Tier spot volumes decreased 47.2% to $504bn, whilst Lower-Tier spot volumes decreased 59.7% to $40.2bn. 
  • Top-Tier exchanges now represent 92.6% of total spot volume based on CryptoCompare’s October 2022 Exchange Benchmark Ranking.
Download Report

More Featured Reports

Stablecoin & CBDcs Report July
CoinDesk Data's Stablecoins & CBDCs Report provides readers with a comprehensive analysis of the latest developments surrounding stablecoins and CBDCs, featuring data-driven insights into market capitalization, trading volumes, peg deviations, regulatory changes, and more.
  • August 1, 2025
Read more
Exchange Review June 2025
In June, centralized exchanges recorded their lowest combined trading volume since October 2024, falling 22.8% to $6.48T - a stark contrast to May's record-breaking performance that saw Bitcoin reach a new all-time high of $111,960.
  • July 14, 2025
  • Exchange Review
Read more
Exchange Review May 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
  • June 19, 2025
  • Exchange Review
Read more
Stablecoins & CBDCs Report May
CoinDesk Data's Stablecoins & CBDCs Report provides readers with a comprehensive analysis of the latest developments surrounding stablecoins and CBDCs, featuring data-driven insights into market capitalization, trading volumes, peg deviations, regulatory changes, and more.
  • May 30, 2025
Read more

Subscribe to Our Newsletter

Get our latest research, reports and event news delivered straight to your inbox.