$379 billion: Crypto exchange trade volume for December hit highest level on record

Spot volume on cryptocurrency exchanges reached an all-time high in December, reaching $379 billion and eclipsing the previous high reported in January 2018.

The data provided in the graph below tracks spot volumes from 20 of the largest crypto exchanges with reliable data. Of the approximately $379.3 billion, Binance accounted for about $219.5 billion while Coinbase accounted for about $45.7 billion. 

As noted by The Block's Lars Hoffmann, the total volume for 2020 across legitimate crypto exchanges exceeded $1 trillion, clocking in at roughly $1.82 trillion for the 12-month period.