Spot crypto para trading reached new highs in November, with monthly trading volume on exchanges reaching $2.71 trillion, the highest level since May 2021.
Spot Crypto Exchange Volume Reached $2.7 Trillion in November, Highest Since 2021
The figure more than doubled October’s volume of $1.14 trillion, underlining the revival in market activity.
The data revealed that Binance traded over $986 billion, accounting for approximately 36% of November volume.
Other major players included Crypto.com, Upbit and Bybit, which each exceed $200 billion in monthly trading volume. Significant growth was observed across regions and a global increase in trade activities was highlighted.
Bitcoin and Ethereum futures also saw significant growth. Bitcoin futures volume reached $2.59 trillion and Ethereum futures volume reached $1.28 trillion, both reaching their highest levels since May 2021.
Catalysts for Growth
The record-breaking activity follows the re-election of pro-crypto Republican Donald Trump as US President on November 6.
Trump’s victory created a wave of optimism in the crypto market, with Bitcoin surpassing its previous all-time high to reach $99,635.
Solana also set a new record, and the GMCI 30 index, which tracks the top 30 cryptocurrencies, rose 62.3% in November.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/spot-kripto-borsa-hacmi-2021-yilindan-bu-yana-en-yuksek-seviyeye-ulasti-iste-detaylar/
