December’s report by CryptoCompare: keep abreast of crypto market trends

At EXMO, we strive to stay on top of the industry trends and contribute to global crypto adoption. Aiming to empower high-quality market data for sustainable industry development, we support the regular monthly reports published by CryptoCompare, the global leader in digital asset data.

The Exchange Review of December 2021

You can already get your copy of the December Exchange Review that focuses on the monthly trends in exchange volume and assesses exchanges based on spot 24-hour volume, derivatives volumes and pricing data. Here is a sneak peek at the report’s highlights:

• Cryptocurrency prices fell in December, with bitcoin and ethereum closing the month at $46,197 and $3,676 (an 8.9% and 20.6% decline since November, respectively).
• Total spot volumes experienced a 6.2% decrease to $2.6 trillion, while derivatives volumes fell by 13.4% to $2.9 trillion. The latter now represents 52.7% of the total crypto market – a 2% decrease from November 2021.
• Spot volumes across top-tier crypto exchanges totaled $2.1 trillion in December – down 17.9% from the previous month. When it comes to total volumes, crypto exchanges saw a 10.1% decrease, despite higher downside volatility.
• CME’s BTC options contract volumes grew by 20.6%, while BTC futures volumes recorded the biggest monthly decrease – down 77.4% from November 2021.

We have no doubt that the monthly reports published by CryptoСompare will provide you with market insights and help you make informed trading decisions. Stay tuned for the next Exchange Review to keep up with the latest market trends.