Cryptocurrency trading volume increased by 134% in November

In November, the volume of cryptocurrency trading increased by 134%

Last month, the volume of trade on legal crypto exchanges reached $ 289.25 billion, which is the third largest indicator in history..

According to the research unit The Block, the increase was 134% compared to $ 123.58 billion in October. Higher rates were observed only during the crypto boom in December 2017 and January 2018 with  $ 307.09 billion and a record $ 307.83 billion, respectively.

Cryptocurrency trading volume increased by 134% in November

The November increase came entirely from centralized crypto exchanges, as decentralized platforms fell 11.9%, from $ 19.36 billion to $ 17.06 billion.  Moreover, more than half (60.9%) of all trade transactions were made on Binance.

Despite the absence of record volumes on the exchanges, on November 30, Bitcoin was able to set a new all-time high $ 19865.

text: Ivan Malichenko, photo: iStock, graphic: The Block Crypto Data

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