Crypto exchange volume soared in November, reaching $289.25 billion for the month

Trade volume across legitimate crypto exchanges rose by 134% in November compared to the previous month, according to data collected by The Block Research.

November’s legitimate trade volume came in at $289.25 billion compared to $123.58 billion in the previous month. November saw the third-highest monthly trading volume since January 2018, during which time trading volumes totaled $307.83 billion.

Binance had the largest market share of exchange volume at 60.9%, followed by Coinbase (10.4%), and Kraken (5.7%).