TechFlow news, on December 5, according to Bloomberg, cryptocurrency trading volume has surged to a record high, with digital asset trading volume on centralized spot and derivatives exchanges exceeding $10 trillion for the first time. According to data compiled by CCData, last month's total trading volume doubled.
"This sentiment is reflected in increased interest in assets like XRP, which has historically faced stricter regulatory scrutiny," said Jacob Joseph, senior research analyst at CCData. "There's also institutional optimism—CME's trading volume has risen sharply over the past month, along with significant inflows into spot Bitcoin ETFs."
Monthly spot trading volume on centralized exchanges grew 128%, reaching $3.43 trillion—the second-highest level since May 2021. CCData data shows derivatives trading volume climbed 89% to $6.99 trillion, surpassing March's previous all-time high. The figures exclude trading volume from DeFi platforms. As traders flocked to altcoins, trading volume surged at many South Korean spot crypto exchanges such as Upbit. Additionally, CME's total trading volume rose 83% to $245 billion, setting a new record high.
