CandleFocus Crypto Exchanges Spot Volume Hits $1.9T as Bitcoin Surges 40% in November 2024
2024-12-05
Author: Content Editor
In November, Bitcoin's value increased by 37% and the market activity of major cryptocurrency exchanges reflected this growth, with spot volumes increasing by an average of 180% compared to the previous month and year. The trading volumes reached $1.9 trillion, nearing historical highs, and Binance alone had a volume of $986 billion. When considering derivatives volume, cryptocurrency trading activity reached all-time highs, surpassing $10 trillion. Upbit saw the largest increase in turnover, rising by 386% month-to-month. Binance maintained its dominant position in the market share, followed by Upbit and Bybit. Analysts suggest that despite Bitcoin's recent milestone, the peak of the bull market may still be several years away.
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