Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Cryptocurrency Exchanges Hit $10 Trillion in November Trading, Setting New Records

Daniel Kim Views  

Shutterstock
Shutterstock

Blockchain media outlet Intel Corporation reported on Wednesday that cryptocurrency centralized exchanges (CEX) saw unprecedented trading volumes last month, surpassing $10 trillion.

According to CC Data, trading volumes on CEXs in November exceeded $10 trillion across spot and derivatives markets, doubling the figures from the previous month.

The surge was particularly notable in the spot market, which saw a 130% increase to $3.4 trillion. Cryptocurrency derivatives also experienced a sharp uptick, with volumes climbing nearly 90% from October.

CC Data reported that several major spot exchanges, including Upbit, Bybit, Crypto.com, and Gate.io, experienced record-breaking monthly trading volumes on their platforms. They attributed this surge to shifting market sentiment surrounding the U.S. presidential election and positive momentum in digital asset prices.

The report further noted that investors and traders are scrambling to capitalize on the bullish trends in digital assets, driven by optimism in the industry about a more favorable regulatory landscape under the new administration.

Cryptocurrency assets rallied significantly in November following Donald Trump’s landslide victory in the presidential election, which fueled expectations of a crypto-friendly policy shift in the U.S.

Introducing options on Bitcoin exchange-traded funds (ETFs) is expected to boost further trading of cryptocurrency derivatives. Following the SEC’s approval in September, major exchanges like the NYSE and Nasdaq began listing options on BTC ETFs in November.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    Purple Carrots Are Making a Comeback—and Here’s Why You Should Care

    LIFESTYLE 

  • 2
    Beat Those Chills Without Pills: 5 Things You Can Do at Home

    LIFESTYLE 

  • 3
    New Study Says You Can Slim Down and Save Your Bones—Here’s How

    LIFESTYLE 

  • 4
    Thyroid in Overdrive? Check Your Iodine—It Might Be the Culprit

    LIFESTYLE 

  • 5
    Instant Noodles Got You Bloated? These Tiny Tomatoes Could Save the Day

    LIFESTYLE 

Popular Now

  • 1
    Alopecia Areata: What to Watch for When Hair Starts Falling Out

    LIFESTYLE 

  • 2
    The Scariest Thing You’ll Ever Feel in Bed—And It’s Totally Normal

    LIFESTYLE 

  • 3
    Spring Fever or Spring Blues? Spot the Signs Early

    LIFESTYLE 

  • 4
    What’s Really in Nutella? The Truth About Everyone’s Favorite Spread

    LIFESTYLE 

  • 5
    Why Sleep Paralysis Happens: Causes, Symptoms, and How to Prevent It

    LIFESTYLE 

Must-Reads

  • 1
    Purple Carrots Are Making a Comeback—and Here’s Why You Should Care

    LIFESTYLE 

  • 2
    Beat Those Chills Without Pills: 5 Things You Can Do at Home

    LIFESTYLE 

  • 3
    New Study Says You Can Slim Down and Save Your Bones—Here’s How

    LIFESTYLE 

  • 4
    Thyroid in Overdrive? Check Your Iodine—It Might Be the Culprit

    LIFESTYLE 

  • 5
    Instant Noodles Got You Bloated? These Tiny Tomatoes Could Save the Day

    LIFESTYLE 

Popular Now

  • 1
    Alopecia Areata: What to Watch for When Hair Starts Falling Out

    LIFESTYLE 

  • 2
    The Scariest Thing You’ll Ever Feel in Bed—And It’s Totally Normal

    LIFESTYLE 

  • 3
    Spring Fever or Spring Blues? Spot the Signs Early

    LIFESTYLE 

  • 4
    What’s Really in Nutella? The Truth About Everyone’s Favorite Spread

    LIFESTYLE 

  • 5
    Why Sleep Paralysis Happens: Causes, Symptoms, and How to Prevent It

    LIFESTYLE 

Share it on...