Exchange Review

CCData'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.

  • February 7, 2024
Report cover

Exchange Review

CCData'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.

  • February 7, 2024

Report Summary

In January, the combined spot and derivatives trading volume on centralised exchanges declined for the first time in four months, falling 0.72% to $4.65tn. Trading activity on centralised exchanges remained at a heightened level following the sell-off and the deleveraging of positions by traders.

Key Takeaways

  • Spot trading volumes on centralised exchanges rose for the fourth consecutive month, with a 4.45% increase to $1.40 trillion.
  • Derivatives volumes on centralised exchanges recorded a 2.79% decrease in trading volume to $3.25 trillion, marking the first reduction in four months.
  • In January, the total derivatives trading volume on the CME rose 35.2% to $94.9bn, recording the highest volumes since October 2021.
Download Report

More Featured Reports

Exchange Review July 2025
Crypto markets posted a strong rebound in July. Spot trading volumes rose 53.7% to $2.2T, the highest since February, while derivatives volumes jumped 30.6% to $6.5T, setting a new yearly high.
  • August 12, 2025
  • Exchange Review
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
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
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

Subscribe to Our Newsletter

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