Trading volumes on cryptocurrency exchanges in November exceeded $289 billion

Trading volumes on cryptocurrency exchanges increased significantly in November, reaching $289.25 billion, compared to $123.58 billion in the previous month.

At the same time, if the volume of transactions on centralized platforms in November exceeded the figures of October by 134%, then on decentralized exchanges (DEX), trading volumes decreased for the third month in a row.

In November, $289.25 billion worth of transactions were traded on centralized exchanges. November’s figures are second only to December 2017 and January 2018, when just over $307 billion was traded.

The Binance exchange remains the leader in terms of trading volume among cryptocurrency exchanges-it accounts for 60.9% of transactions. The second place was occupied by Coinbase (10.4%), and the third – by Kraken (5.7%).

The volume of trading on DEX in November was $17.06 billion, although in September this figure reached $26.26 billion, and in October – $19.36 billion. The leading DEX platform is Uniswap, which had a trading volume of $9.91 billion in November.

Recall that on December 1, the exchange rate of the first cryptocurrency again tried to overcome the $20,000 mark, but the “bears” again won. Bitcoin is currently trading at $18,800.