Major centralized crypto exchanges experienced a significant decline in trading volumes in January 2025 compared to December 2024. Bitget recorded the largest drop.
Drop in Spot Trading Volumes on CEXs
Centralized exchanges recorded a 25% drop in spot trading volumes in January 2025 compared to figures from December 2024. HTX, Kraken, and Bybit were the top in change rate with -8%, -10%, and -11% respectively. Among those with the biggest fall were Bitget (-46%), Kucoin (-41%), and MEXC (-36%).
Decline in Futures Trading Volumes
Futures trading volumes on centralized exchanges also decreased by 17.4% in January 2025. In December 2024, Binance had a futures trading volume of $3 trillion, which reduced to $2.4 trillion in January. OKX and Bybit also had notable volumes in December and January. Gate had the highest positive rate change of 2.8%.
Decrease in Website Traffic on Exchanges
Website traffic on centralized exchanges decreased by 2.3% in January compared to December. Gate, Crypto.com, and MEXC experienced positive traffic change, whereas HTX, OKX, and Upbit recorded significant decreases.
January 2025 marked a month of significant changes for centralized exchanges in terms of trading volumes and website traffic. The overall trend indicates a decline, which may reflect market shifts or changes in user preferences.
