PANews reported on December 5 that according to Bloomberg, the cryptocurrency trading volume exceeded $10 trillion for the first time in November, setting a record high, among which the spot and derivative trading volume of centralized exchanges doubled month-on-month. CCData data showed that Bitcoin rose 38% during this period, approaching $100,000, and the market was driven by the expectation of friendly regulation brought about by Trump's election.
Data shows that the monthly spot trading volume of centralized exchanges increased by 128% to $3.43 trillion, the second highest since May 2021. Derivatives trading volume rose 89% to $6.99 trillion, setting a new record. This data does not include the trading volume of DeFi platforms. In addition, the altcoin trading of South Korean exchange Upbit was active, and the institutional crypto futures trading volume of CME exchange increased to $245 billion, also setting a new high.
