Odaily Planet Daily News According to The Block Research data, the trading volume of decentralized exchanges (DEX) reached $300 billion in November, surpassing the previous cycle high of $260 billion set in May 2021. The trading volume ratio of DEX to CEX continues to rise, reaching 11% in November, up from 9.3% at the beginning of 2024 and 0.04% at the beginning of 2020. In this regard, Deribit CEO Luuk Strijers expressed doubts about the sustainability of many platforms due to regulatory pressure. 'I think many platforms will no longer exist,' Strijers argued. 'So more precisely, I believe the regulatory framework will strengthen globally and make many of the currently large list of platforms unviable, either because operational costs are too high or because regulators will directly shut them down.' (TheBlock)