In January 2026, the spot trading volume of major exchanges increased by approximately 10% compared with December 2025. The top three exchanges by month-on-month change were Bitfinex (+67%), Uniswap (+62%), and Upbit (+44%). The bottom three were HTX (-17%), Bybit (-16%), and KuCoin (-14%).
In January 2026, the derivatives trading volume of major exchanges increased by approximately 0.5% compared with December 2025. The top three exchanges by month-on-month change were Hyperliquid (+46%), Crypto.com (+18%), and Gate (+11%). The bottom three were MEXC (-27%), KuCoin (-17%), and Deribit (-8%).
In January 2026, the website traffic of major exchanges decreased by approximately 0.3% compared with December 2025. The top three exchanges by month-on-month change were Upbit (+9%), KuCoin (+7%), and Bitfinex (+7%). The bottom three were HTX (-22%), Bitget (-9%), and MEXC (-8%).
Note: The following data may involve significant wash trading or bot-related activity. The dataset has been preprocessed, including outlier removal, metric normalization, and methodological adjustments. Spot and derivatives data are sourced from CoinGecko; traffic data are sourced from Similarweb.
