Crypto exchanges clocked more than $10 trillion in volume across spot and derivatives markets, CCData said.
Trading volume on centralized cryptocurrency exchanges (CEXs) hit all-time highs in November, with volumes exceeding $10 trillion across spot and derivatives markets, according to a Dec. 3 report by CCData, a crypto researcher.
November marked the first time monthly trading volumes broke $10 trillion, CCData said, adding that CEX volumes increased by more than 100% over the prior month.
“This surge in activity was driven by a shift in market sentiment following the [United States] presidential election earlier in the month,” CCData said in the report.
