In November, centralized cryptocurrency exchanges (CEXs) saw trading volumes soar past $10 trillion for the first time, driven by a shift in market sentiment following the U.S. presidential election, according to a CCData report. Spot markets surged nearly 130% to over $3.4 trillion, with platforms like Upbit and Bybit hitting record highs. Crypto derivatives also spiked, nearing $7 trillion. The launch of options on Bitcoin ETFs by exchanges such as NYSE and Nasdaq is expected to further boost derivatives volumes, potentially accelerating institutional adoption and benefiting BTC holders.