In November 2024, the volume of spot trading on centralized crypto exchanges (CEX) amounted to $2.7 trillion, according to The Block dashboard. This is a new historical maximum since May 2021.
The figure is more than double the value of October 2024, $1.14 trillion. In May 2021, it was $4.16 trillion.
Most of this comes from Binance — $986.01 billion. Next are platforms like Crypto.com ($283.85 billion) and Upbit ($234.52 billion).
The peak daily trading volume in November occurred on the 16th. It amounted to $126.4 billion:
The increase in November 2024 is associated with an overall positive trend in the market. In particular, Bitcoin closed the month with a gain of 37.3%, Ethereum — 47.2%. Altcoins also showed growth in November.
The monthly trading volume of Bitcoin and Ethereum futures reached multi-year highs in November 2024 at $2.59 trillion and $1.28 trillion, respectively.
