Bloomberg: In November, cryptocurrency trading volume surpassed $1 trillion for the first time, with CEX monthly spot trading volume increasing by 128%
ChainCatcher news, according to Bloomberg, cryptocurrency trading volume has surged to an all-time high, with the trading volume of digital assets on centralized spot and derivatives exchanges surpassing $1 trillion for the first time. According to data compiled by CCData, total trading volume doubled last month."This sentiment is reflected in the increased interest in assets like XRP, which has historically faced stricter regulatory scrutiny," said Jacob Joseph, senior research analyst at CCData. "Institutional players are also showing optimism, with CME's trading volume significantly rising over the past month, and a large influx of funds into spot Bitcoin ETFs."Monthly spot trading volume on centralized exchanges grew by 128%, reaching $3.43 trillion, marking the second-highest level since May 2021. CCData's data shows that derivatives trading volume surged by 89%, reaching $6.99 trillion, surpassing the historical high from March. This data does not include trading volume from DeFi platforms. As traders flock to altcoins, many South Korean spot cryptocurrency exchanges, such as Upbit, have seen a surge in trading volume. Additionally, CME's total trading volume increased by 83%, reaching $245 billion, setting a new historical high.