The majority of digital asset exchanges saw both spot and derivative volumes decrease in January as the cryptocurrency market continues to trend downwards - falling from a peak of $3.2tn in November 2021 to $1.9tn at the end of January.

January Highlights

• Spot volumes declined significantly in January (down 30.2% to $1.81tn) whilst derivative volumes remained steady.
• Total spot volumes reached their lowest level since December 2020 ($1.17tn) as volumes declined 30.2% month-on-month to $1.81tn in January.
• A daily volume maximum of $91.1bn was traded on the 24th of January, down 47.5% from the intra-month high in December.