In December 2024, the combined spot and derivatives trading volume of CEX reached a record high of 11.3 trillion US dollars

According to Cryptonews, the latest market report from CCData shows that by December 2024, the total trading volume of spot and derivatives on centralized cryptocurrency exchanges (CEX) reached $11.3 trillion (up 7.58%), setting a new historical high. The trading volume of crypto derivatives also surged significantly, increasing by 7.33% to reach $7.58 trillion, setting a new monthly high for derivative trading volumes. CCData pointed out that liquidation volumes have soared as traders try to profit from market volatility. The trading frenzy in December coincided with Bitcoin's historic rise; on December 5th, Bitcoin broke through the $100,000 mark for the first time and reached its peak at $108,249 on December 17th. Pierre Rochard, Vice President of Research at Riot Platforms stated that this surge marks a significant reversal after two consecutive years of declining trade volumes since 2021. During the bull market period in 2021, Bitcoin's trading volume peaked at $47 trillion but then fell sharply over subsequent years.