Crypto.com is back to No.2

Crypto.com is back to No.2 in the ranking of global CEXes after being temporarily overtaken by Upbit at the beginning of the month.*

CEX monthly market share -- source The Block

Crypto.com is knocking on the doors of the previous spot volume ATH of $283.85b from Nov 2024, with $208.9b traded in December. This represents a daily average of $10.99b.

CEX monthly volume -- source The Block

If we were to estimate the total expected volume for Dec, with a 10% variance to the downside to account for lower weekend volumes, Crypto.com should reach just about $300b traded on the platform for the month whole.

*Upbit took over the spot fueled by a brief alt pump and domestic political instability, which triggered a flash crash in SK stocks and crypto.