Exchange Volume Crashes 27% to $1.6 Trillion as Volatility Vanishes

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Crypto exchange spot volume plummeted to $1.59 trillion in November, a 26.7% drop from October and the weakest month since June.

“Centralized exchange spot volumes slid as the market moved from October’s frenzy to November’s flatness, with volatility vanishing and momentum mellowing,” said Vincent Liu of Kronos Research.

He attributed the decline to profit-taking and compressed conditions after a “crowded climb.”

The pullback was universal, impacting both leaders like Binance and decentralized exchanges, where DEX volume fell to $397.78 billion.