The monthly trading volume recorded on crypto exchanges has exceeded one trillion dollars. It hasn't happened since 2022

Volumes on Cex are increasing

According to data collected by The Block, the monthly trading volume recorded by crypto exchanges exceeded 1,100 billion dollars, reaching a level not reached since last September 2022.

Like every current development in the crypto world, this data also seems to follow the newfound strength of Bitcoin's bullish trend, resulting from the rumors surrounding an imminent BTC spot ETF, but it is surprising how CeFi is also responding in such a positive way, given that the the bear market of recent months arose (as well as maintained by all the problems arising in the regulatory field) precisely from this part of the industry.

Among all the major players, Binance still maintains the largest market share, with its contribution of 39.3% ($432.7 billion) to total volumes. They belong to him, Upbit, which leads the sector in Asian countries, with 8.3% ($91.8 billion), and OKX with 8% ($87.5 billion).

The prospects of CeFi

The peak of activity in December derives from the latest news around spot ETFs, but in general it seems to be the newfound enthusiasm of the community that has fueled a virtuous circle, directly involving CeFi.

Furthermore, if you consider that (due to holidays) the month of December is among the least suitable months for trading, the data is even more interesting. Optimism towards a new bull market must evidently involve many.

And for this early 2024 the prospects become even more interesting, especially if Bitcoin decides to persist in this rally which has pushed it back above 45 thousand dollars.