Data: Peak CEX Trading Volume During Current Crypto Bull Run Still Well Below 2021 Levels

BlockBeats News, October 31st, according to The Block's data, as of the current round of the cryptocurrency bull market, the peak total trading volume of Centralized Exchanges (CEX) occurred in December 2024, reaching $2.9 trillion, corresponding to a peak Bitcoin price of $108,353, setting a new all-time high. However, compared to the previous bull market, the overall trading activity is still slightly lacking.

In the previous crypto cycle, the peak total trading volume of CEX occurred in April 2021, reaching a massive $4.16 trillion, with Bitcoin reaching its peak price of $64,854 at that time; in November of the same year, CEX saw a second peak in total trading volume, hitting $2.54 trillion, while Bitcoin set a cycle high of $69,000.

Current data indicates that as of this month, the global CEX total trading volume is currently at $2.05 trillion. This suggests that despite Bitcoin hitting a new price high in this round of the bull market, CEX's overall trading volume has not reached the same level of activity seen in 2021.