In November 2024, the cryptocurrency market saw significant growth with centralized exchange platforms (CEX) reaching record trading volumes. The combined trading volume of spot and derivatives on CEX increased by 101%, reaching 10.4 trillion dollars. Spot trading on CEX increased by 128%, reaching 3.43 trillion dollars, marking the second highest monthly record. Derivative trading also experienced significant growth, increasing by 89.4% to 6.99 trillion dollars. Binance maintained its position as the leading CEX, while Crypto.com and Upbit ranked second and third respectively. Despite the growth of decentralized platforms (DEX), CEX continue to dominate the market. This growth highlights the need for more regulation and security measures to ensure market stability. Overall, CEX platforms are set to remain key players in cryptocurrency trading.



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