2026-01-02 10:27:39

According to market data, the spot trading volume on centralized trading platforms experienced a significant decline in December. Specifically, the total trading volume for the month dropped to $1.13 trillion, the lowest level since September. Compared to November's $1.66 trillion, this represents a 32% decrease; compared to October's $2.23 trillion, the decline is as much as 49%.

In terms of market share distribution, a leading exchange still maintains the top position, with a December trading volume of $367.35 billion. Following are institutions such as Bybit, HTX, Gate, and a certain compliant platform.

Behind the decline in trading volume, industry analysts point to several key factors—seasonal emotional fluctuations, suppressed market volatility, and year-end institutional investor position adjustments—all contributing to this outcome.

Not only are CEXs under pressure, but activity on decentralized exchanges (DEX) also saw a noticeable drop last month. In December, the total DEX trading volume fell to $245 billion, a 20% decrease from November's $306 billion, and a 46% drop from October's $451.2 billion. Among them, a mainstream DEX continues to lead the field with a monthly trading volume of $60 billion, but the overall market still shows signs of cooling down.

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BlockchainFries

· 10h ago

This data looks terrible, a direct cut in December? It seems like institutions are all fleeing.

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SleepyValidator

· 10h ago

December market really picked up, CEX down 32%, DEX halved 46%, this winter is a bit cold.

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DeadTrades_Walking

· 10h ago

Why is December so disappointing? Trading volume has been cut in half, and we still have to wait Big institutions are rebalancing their portfolios again, should retail investors just hibernate? DEXs haven't been doing well either, the whole market is telling one story—wait and see This data looks really uncomfortable... with such a drop, are people still buying the dip? The seasonal wave is here, let's just leave it at that and talk about it next year It's that time of year again, big players are clearing out and settling their positions 49%... I was so scared I closed the market analysis software All platforms are falling, there's nowhere to hide Institutional de-risking period, we should just stay cautious and observe

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WinterWarmthCat

· 10h ago

Here we go again? The market in December is so bad, the big players have already left, and we're retail investors still holding on here.

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Ser_APY_2000

· 10h ago

December drops so sharply, is the industry going into hibernation? --- Are institutions bottoming out or fleeing at the end of the year? No one can say for sure. --- CEX down 49%, DEX halved by 46%... this wave is really fierce. --- Wait, if the top exchanges are so resilient, other platforms must be suffering even more. --- The end-of-year rebalancing narrative is heard every year, but this time the data is indeed not very good. --- DEX only fell 20% month-over-month? Actually more resilient than CEX. --- Looking at this trend, whether the New Year’s opening can be boosted depends entirely on January. --- With trading volume dropping like this, the true big players must have already jumped in. --- Winter is here, everyone. Be careful if you're still hyped.

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