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.
The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day spot trading volume across centralized crypto exchanges rose for the fourth straight month in January. According to CC data, the volume climbed to a level last seen in June 2022. As the approval of Bitcoin ETF sparked renewed interest in digital assets. Binance remains the largest Cryptocurrency exchange by trading volume with its volume rising more than 2.7% in January to $473 billion Coinbase also saw its market share rise for the third month in a row. As a reminder, the US based crypto exchange was the chosen custodian for most of the US bought Bitcoin ETF participants. CC data stated in part quote, the price action following the highly anticipated approval suggests that the selloff marked the end of an uptrend that had persisted for months end quote. That's a wrap for the chart of the day today. I'm Jen Sasi. We'll see you next time to unpack more of the data behind top news stories