According to @justinsuntron, overall CEX spot trading volume declined about 20-30% in December versus November, signaling a cooler market backdrop, source: @justinsuntron on X citing @EmberCN on X. According to @justinsuntron, Binance, Bybit, and KuCoin ranked top three by spot volume, with HTX moving up to fourth place in December, source: @justinsuntron on X citing @EmberCN on X. According to @justinsuntron, HTX’s spot trading activity increased in December despite broader contraction, placing HTX at the forefront of second-tier exchanges, source: @justinsuntron on X citing @EmberCN on X. For traders, a fourth-place spot ranking indicates comparatively stronger order-book activity on HTX versus most peers in December, which can influence execution quality for listed pairs, source: @justinsuntron on X citing @EmberCN on X.

According to @EmberCN, BlockBeats’ December exchange ranking shows centralized exchange spot volume fell 35% month over month from November, while perpetual futures volume declined 26% month over month; source: BlockBeats report theblockbeats.info/news/60835; source: @EmberCN on X 2026-01-11 x.com/EmberCN/status/2010282146154545358. The top three venues by December spot volume were Binance, Bybit, and KuCoin, with HTX advancing to fourth place in spot trading share; source: BlockBeats report theblockbeats.info/news/60835; source: BlockBeatsAsia on X x.com/BlockBeatsAsia/status/2009546939105444086. Perp DEX activity also softened, with perpetual DEX volumes down 30% month over month and site traffic down 20% month over month in December; source: BlockBeats report theblockbeats.info/news/60835; source: BlockBeatsAsia on X x.com/BlockBeatsAsia/status/2009546939105444086.