Crypto exchange trade volume broke all records in January, crossed $900 billion mark

Spot trading volume on cryptocurrency exchanges has crossed all previous records to reach over $900 billion in January, according to data compiled by The Block.

Of the total about $906 billion, Binance accounted for almost 60% share, or about $518 billion. Coinbase and institutional spot exchange LMAX Digital followed Binance, with about $118 billion and around $61 billion in trade volume, respectively.


As compared to December's volumes, January's trading volumes are up by about 140%.

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Last year, the total volume for 2020 across legitimate crypto exchanges exceeded $1 trillion, to reach roughly $1.82 trillion.


Correction: The story has been updated to mention that LMAX ranks third, and not Kraken.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.