The cryptocurrency trading volume reached a record level since 2021!

The cryptocurrency trading volume reached a record level in November, with a total spot trading volume of $2.71 trillion, the highest since May 2021. This is double the volume of October, which only reached $1.14 trillion, indicating a strong recovery in the global cryptocurrency market.

This also reflects the growth trend on major trading platforms, with Binance accounting for about 36% of the total volume, processing over $986 billion in the month. Other exchanges such as Crypto.com, Upbit, and Bybit also reported trading volumes exceeding $200 billion.

Additionally, the futures market also recorded high trading volumes, with Bitcoin futures reaching $2.59 trillion and Ethereum futures reaching $1.28 trillion, both the highest numbers since May 2021. This boom occurs against the backdrop of heightened optimism in the cryptocurrency market, especially following Donald Trump's re-election victory, which has boosted investor confidence.