Data: Spot trading volume on exchanges reached $2.7 trillion in November, the highest level since May 2021

According to Foresight News, reported by The Block, the monthly trading volume of global spot cryptocurrency exchanges reached $2.71 trillion in November, the highest level since May 2021. This figure is more than double the trading volume in October ($1.14 trillion). Data shows that about 36% of the monthly trading volume in November came from Binance, which handled over $986 billion in trading volume. Crypto.com, Upbit, and Bybit followed closely, each recording over $200 billion in monthly trading volume. Meanwhile, the total trading volume of Bitcoin futures on exchanges in November reached $2.59 trillion, while Ethereum futures reached $1.28 trillion, both setting new highs since May 2021.