Odaily Report: In December last year, the global mainstream CEX spot trading volume reached $2.94 trillion, breaking through the $2 trillion mark for the second consecutive month, up 8.5% from $2.71 trillion in November. Binance maintained its market-leading position with a trading volume of $1 trillion, but several medium-sized exchanges showed significant growth. Among them, 's trading volume doubled from $88 billion in November to $178 billion in December, while and had trading volumes of $177 billion and $95 billion respectively. The distribution of trading volume indicates that the market structure is changing, with medium-sized exchanges occupying a larger share, and platforms in the Asia-Pacific region showing an increasingly prominent position. This change in trading activity suggests a wider geographic participation and a more diverse investor base. The strong trading volume is in line with market performance, with Bitcoin trading prices remaining between $90,000 and $94,000, and the total cryptocurrency market capitalization staying above $3 trillion. In addition, rose during the month, with Bitcoin's dominance dropping to a monthly low of 51%, reaching 54% at the end of last year. Analysts point out that various factors seem to be driving market dynamics, including increasing retail participation in different regions, new products launched by smaller exchanges, and enhanced market infrastructure supporting higher trading volumes. The increase in trading activity also reflects broader institutional acceptance of cryptocurrency trading, especially as the market anticipates the inauguration of President Trump this month. (The Block)