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December CEX spot trading volume data is out, and the overall market trading activity has noticeably declined compared to November, dropping by 20% to 30% month-on-month. Many investors can feel that the popularity of exchange platforms has indeed cooled down quite a bit.
Looking at the rankings, the top positions are still firmly held by Binance, Bybit, and KuCoin. Interestingly, the previously lower-ranked HTX suddenly jumped to the fourth place, with spot trading volume performing quite impressively. This achievement is indeed a significant breakthrough for HTX.
From November to December, many exchanges have been adjusting strategies and strengthening competitiveness. HTX's performance in trading volume rankings indicates that the market landscape is still evolving. As the year-end market volatility continues, the competitive dynamics among platforms are also worth paying close attention to.