According to data compiled by The Block, spot trading volume on crypto exchanges has surpassed all previous records, reaching over $ 900 billion in January.

Of a total of about $ 906 billion, Binance accounts for nearly 60% of the market share, or about $ 518 billion. Coinbase and Kraken follow Binance, with trading volumes of $ 118 billion and around $ 56 billion, respectively.

Compared to December’s volume, January’s trading volume increased by about 140%.

Volume on crypto exchanges | Source: The Block


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