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.
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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.
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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.
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