In November, cryptocurrency trading volume surpassed $1 trillion for the first time, with CEX monthly spot trading volume growing by 128%.

BlockBeats News, December 5th, cryptocurrency trading volume reached a historic high, with the digital asset trading volume on centralized spot and derivative exchanges exceeding $10 trillion for the first time.

According to data compiled by CCData, last month's total trading volume doubled. "This sentiment is reflected in the increased interest in assets such as XRP, which has always been subject to stricter regulatory scrutiny," said Jacob Joseph, Senior Research Analyst at CCData. "Institutions have also shown optimism, with a significant increase in CME's trading volume over the past month and a large inflow of funds into spot Bitcoin ETFs."

CEX saw a 128% monthly increase in spot trading volume, reaching $3.43 trillion, the second-highest level since May 2021. CCData's data shows an 89% surge in derivative trading volume, reaching $6.99 trillion, exceeding the previous high in March. This data does not include trading volume from DeFi platforms.

With traders flocking to meme coins, the trading volume of many Korean spot cryptocurrency exchanges (such as Upbit) surged. In addition, CME's total trading volume increased by 83% to $245 billion, setting a new record high. (Bloomberg)