Crypto exchange volume hits record $10 trillion
Crypto exchange volume hits record $10 trillion
Centralized cryptocurrency exchanges (CEXs) reached unprecedented trading volumes in November, exceeding $10 trillion across spot and derivatives markets, according to a report from CCData. This marks the first time monthly volumes have surpassed the $10 trillion threshold, representing a 100% increase from the previous month.
The surge in activity was driven by a shift in market sentiment following Donald Trump’s victory in the U.S. presidential election, which has renewed hopes for a crypto-friendly regulatory framework. Investors and traders capitalized on the positive price momentum, spurred by expectations of a more favorable policy environment under the incoming administration.
Spot and derivatives markets break records
Spot crypto markets saw extraordinary growth, with volumes rising nearly 130% to $3.4 trillion. Several platforms, including Upbit, Bybit, and Gate.io, reported all-time high trading volumes during the month.
Derivatives markets also witnessed significant activity, with volumes surging 90% month-over-month to nearly $7 trillion. The introduction of options trading on Bitcoin exchange-traded funds (ETFs) further fueled this growth. Notably, BlackRock’s BTC ETF options contracts recorded $2 billion in total exposure on their first trading day, signaling strong institutional interest.
The expansion of Bitcoin ETF options on platforms like the New York Stock Exchange (NYSE) and Nasdaq is expected to further accelerate institutional adoption. Investment managers believe these developments could unlock substantial upside potential for Bitcoin holders while solidifying the cryptocurrency’s position in mainstream financial markets.
With heightened activity across both spot and derivatives markets, the crypto industry is entering a pivotal phase. As regulatory clarity unfolds under the new U.S. administration, the potential for continued growth remains significant, drawing both retail and institutional players into the market.
Against this backdrop, BNB hits an all-time high amid bullish momentum.
