In December, the combined spot and derivatives trading volume on centralised exchanges increased for the third consecutive month, rising 28.4% to $4.68tn. This was the highest combined monthly trading volume recorded since June 2022.

Key Takeaways

• Spot trading volumes on Binance rose 38.3% to $425bn in December, recording its first increase in market share in ten months.
  
• Open interest in BTC Futures products traded on the CME continued to rise in December, increasing 17.5% to $4.83bn.
  
• Derivatives trading volume on the CME increased by 3.35% to $70.2bn, marking the highest volume since November 2021.