Spot trading volume across centralized crypto exchanges rose for the fourth consecutive month in January, climbing to a level last seen in June 2022 as the approval of bitcoin ETFs sparked renewed interest in digital assets.
In terms of derivatives trading volumes, January saw a decline of 2.79% to $3.25 trillion, the first decline in four months. The derivatives market, which is a bigger part of the crypto market than spot trading, saw its market share drop from 71.4% in December to 69.9%.
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