Exchange trading volumes hit their lowest point in a year as 2024 wrapped up, painting a fairly grim picture for market activity. But here's what's worth watching: the recovery has already begun. Since then, trading activity is picking up noticeably. Market liquidity is flowing back in. What started as stagnation is now shifting into renewal—volumes are rebounding and capital is returning to the market. The turnaround suggests renewed participant interest across major venues.

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