Crypto trading activity cooled significantly in November. Centralized exchange spot volume dropped 27% to $1.59 trillion, the lowest since June.
Binance volume fell to $599B, while Bybit ($106B) and Coinbase ($93B) followed.
Decentralized exchange volume mirrored the trend, falling to $397.78 billion—also a low since June—signaling a market-wide contraction.
