The cryptocurrency market experienced explosive growth in trading volume in November, with spot trading volume reaching $2.7 trillion, marking a new high since May 2021. This figure is more than double the trading volume of $1.14 trillion in October, indicating a significant increase in market activity.

In this trading frenzy, Binance accounted for approximately 36% of the market share, with a trading volume exceeding $986 billion, maintaining its leading position in the market. Following closely are Crypto.com, Upbit, and Bybit, each with trading volumes exceeding $200 billion, demonstrating strong market competitiveness.

Trading volumes across global regions have shown significant month-on-month growth, indicating a sustained increase in investor interest in cryptocurrencies.