In November, the average trading volume in the cryptocurrency market more than doubled across centralized exchanges such as Binance, Kraken, and Coinbase. Following Donald Trump's re-election, there was a significant surge in crypto spot and derivative trading volumes on various digital asset platforms. Upbit, BitMart, and Bitfinex were among the top performers, with significant increases in trading volume. Binance's trading volume grew by 131%, reaching nearly $1 trillion, while Coinbase saw a 189% spike in user activity. There was also an increase in website traffic, indicating a return of retail demand. Derivatives trading also saw a threefold increase, with platforms like MEXC, Kraken, and Deribit experiencing growth. The increased trading activity resulted in capital inflows into major cryptocurrencies like Bitcoin, Ethereum, Solana, Ripple, and Binance Coin. The circulating supply of stablecoins also grew, surpassing $200 billion. The total crypto market reached over $3.2 trillion for the first time, with Bitcoin reaching new all-time highs and outperforming traditional assets like Silver. Despite profit-taking, the cryptocurrency market remained resilient, settling at around $3.6 trillion.



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