December Exchange Rankings: CEX and DEX Simultaneously Weaken, On-Chain Perpetual Contract Trading Volume Declines by 30%
According to BlockBeats data:
By December 2025, the spot ="/wiki/article/trading-volume-267">trading volume of mainstream CEXs had decreased by 35% compared to November. The top three with the highest change rates were HTX -16.48%, Bybit -16.67%, and Bitget -16.98%. The bottom three were Kucoin -39.85%, Binance -40.85%, and Upbit -43.75%.
In December, the perpetual contract trading volume of mainstream CEXs decreased by 26% compared to November. The top three with the highest change rates were HTX -7.21%, Kraken -7.69%, and Bitget -20.73%. The bottom three were Bybit -29.40%, Crypto.com -29.93%, and Kucoin -40.11%.

In December, the website traffic of mainstream CEXs decreased by 11% compared to November. The top three with the highest change rates were OKX 11.37%, Bitget 7.43%, and Bybit 5.68%. The bottom three were Coinbase -13.64%, -Upbit 20.46%, and HTX -75.29%.
In December, the website download volume of mainstream CEXs decreased by 3.5% compared to November. The top three with the highest change rates were Bybit 20%, OKX 11.46%, HTX -3.15%. The bottom three were Upbit -16.81%, Kraken -16.88%, and Coinbase -19.81%.

In December, the perpetual contract trading volume of mainstream Perp DEXs decreased by 30% compared to November, and the website traffic decreased by 20%.

Note: Some data may have serious suspicions of wash trading / bot activity. Spot and derivative data source: Coingecko; Traffic data source: Similarweb; Download data source: Dot platform.
You may also like

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management

Blockchain Capital Partner: The Core Secret of Arbitrage

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

New gameplay for participating in initial offerings on cryptocurrency exchanges

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq

DeepSeek Financing Story

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?

