Spot Trading Volume Sees 141% Surge Last Month

As a seasoned researcher with years of experience delving into the dynamic world of cryptocurrencies and blockchain technology, I must admit that the latest trends observed in the November trading volumes have left me quite intrigued. The surge in spot trading volume, led by Upbit’s staggering 386% increase, is a testament to the growing interest in digital assets.

In comparison to October, the volume of direct trading surged by approximately 141%. At the forefront was Upbit, registering a significant jump of around 386%. Other major platforms such as BitMart and Bitfinex also experienced robust growth, with gains of 242% and 218% respectively.

Based on findings from the WuBlockchain report, significant progress was made among leading cryptocurrency trading platforms last month.

These platforms such as HTX, Bybit, and Crypto.com experienced modest yet significant growth of approximately 69%, 74%, and 92% respectively.

In the world of derivatives trading, we’ve seen a substantial month-to-month surge – an impressive 97% rise. Among the platforms, Mexc led the pack with a staggering 186% jump, closely followed by Kraken at 160% and Deribit not far behind at 151%. In contrast, Crypto.com experienced more modest growth at 57%, while Gate.io and OKX registered uptrends of 77% and 86% respectively.

The overall website traffic for cryptocurrency exchanges experienced a notable surge of 32% throughout November. Among the leaders in this increase, Crypto.com saw an impressive spike of 113%. Following closely behind were Coinbase and Upbit with growth rates of 85% and 82%, respectively. On the other hand, Gate.io, OKX, and Bitget observed a decline in traffic, recording drops of 6%, 4%, and 2%, respectively.

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2024-12-11 20:07