At the end of January, trading volume on spot crypto exchanges soared by 65%

The January Bitcoin rally was a key trigger for the surge in user activity on spot cryptocurrency exchanges.

✅ According to CryptoRank, trading volumes soared by 65% ​​last month. In December, the amount of transactions with digital currencies on the spot market amounted to $397 billion, and in January - $657 billion.

✅ This is a gratifying fact, but let us remind you that exactly a year ago - in January 2022 - the trading volume on spot platforms was approaching $1.1 trillion.

✅ Low activity of users of trading platforms became a reality last summer - after the May turbulence. A noticeable increase in trading volume occurred in November, after the collapse of the FTX exchange.