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Major Crypto Exchanges See 10% Rise in January Spot Trading Volume

Uniswap, Bitfinex, and Upbit led monthly growth, while HTX and Bybit recorded declines compared with December 2025.

UNI

Summary

The January Exchange Data Report showed that overall spot trading volume on major cryptocurrency exchanges increased by roughly 10% compared with December 2025. Uniswap, a leading decentralized exchange (DEX), posted the highest growth at 84%, followed by Bitfinex at 70% and Upbit at 44%. In contrast, HTX and Bybit saw volume decreases of 19% and an unspecified percentage respectively. The shift suggests renewed market activity driven by improving trading sentiment.

Terms & Concepts
  • Spot trading volume: The total value of immediate (non-derivatives) cryptocurrency trades executed on an exchange within a specific period.
  • Uniswap: A decentralized exchange (DEX) that allows users to swap tokens directly through smart contracts without intermediaries.
  • Bitfinex: A centralized cryptocurrency exchange known for providing high-liquidity trading across major digital assets.