[In November, the volume of spot trading on cryptocurrency exchanges dropped to $1.59 trillion, the lowest level since June] According to data from The Block's dashboard, the monthly spot trading volume of cryptocurrency exchanges in November fell to $1.59 trillion, the lowest level since June, a decrease of 26.7% from October's $2.17 trillion, making November the worst-performing month since the $1.14 trillion volume in June.
CEX (CEX) remains the exchange with the highest volume, recording a trading volume of $599.34 billion in November, but this figure represents a significant decline from $810.44 billion in October, reflecting a general downturn in trading volume across the industry. CEX ranks second with a trading volume of $105.8 billion, followed closely by Gate ($96.75 billion) and CEX ($93.41 billion).
According to data from DeFiLlama, the trading volume of decentralized exchanges (DEX) dropped to $397.78 billion in November, down from $568.43 billion in October, marking the lowest monthly trading volume for DEX since June.
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In November, the spot trading volume of cryptocurrency exchanges fell to $1.59 trillion, the lowest level since June.
[In November, the volume of spot trading on cryptocurrency exchanges dropped to $1.59 trillion, the lowest level since June] According to data from The Block's dashboard, the monthly spot trading volume of cryptocurrency exchanges in November fell to $1.59 trillion, the lowest level since June, a decrease of 26.7% from October's $2.17 trillion, making November the worst-performing month since the $1.14 trillion volume in June. CEX (CEX) remains the exchange with the highest volume, recording a trading volume of $599.34 billion in November, but this figure represents a significant decline from $810.44 billion in October, reflecting a general downturn in trading volume across the industry. CEX ranks second with a trading volume of $105.8 billion, followed closely by Gate ($96.75 billion) and CEX ($93.41 billion). According to data from DeFiLlama, the trading volume of decentralized exchanges (DEX) dropped to $397.78 billion in November, down from $568.43 billion in October, marking the lowest monthly trading volume for DEX since June.