November Exchange Report: CEX Spot Volume Down by 27%, Futures Trading Reduced by 26%, DEX Perpetual Contracts Slightly Decreased by 1.7%
In November 2025, the spot ="/wiki/article/trading-volume-267">trading volume of mainstream CEXs decreased by 27% compared to October. The top three in terms of percentage change were Coinbase -5.42%, Kucoin -16.50%, and Crypto.com -17.72%. The bottom three were OKX -27.18%, Bybit -31.42%, and Gate -43.91%.
In November, the perpetual contract trading volume of mainstream CEXs decreased by 26% compared to October. The top three in terms of percentage change were HTX -14.21%, Kucoin -14.38%, and OKX -21.15%. The bottom three were Kraken -26.07%, Bybit -28.66%, and Bitget -48.47%.
In November, the website traffic of mainstream CEXs decreased by 14.21% compared to October. The top three in terms of percentage change were OKX -10.22%, HTX -9.96%, Kraken -0.60%. The bottom three were Crypto.com -25.69%, Gate -23.12%, Kucoin -17.50%.
In November, the website download volume of mainstream CEXs decreased by 15% compared to October. The top three in terms of percentage change were HTX 14.46%, Kucoin 5.56%, and OKX 3.59%. The bottom three were Upbit -28.03%, Kraken -34.65%, and Crypto.com -34.93%.
In November, the perpetual contract trading volume of mainstream Perp DEXs decreased by 1.70% compared to October, and the website traffic decreased by 35.5%.
Note: Some data may indicate significant wash trading or bot activity. Spot and derivative data from Coingecko; traffic data from Similarweb; download data from DotDot platform.
CEX Data




DEX Data


You may also like

Trump’s World Liberty Financial Token Ends 2025 Significantly Down
Key Takeaways World Liberty Financial, led by the Trump family, witnessed its token value drop by over 40%…

HashKey Secures $250M for New Crypto Fund Amid Strong Institutional Interest
Key Takeaways HashKey Capital successfully secured $250 million for the initial close of its fourth crypto fund, showcasing…

Crypto Market Slump Unveils Disparity Between VC Valuations and Market Caps
Key Takeaways Recent market downturns highlight discrepancies between venture capital (VC) valuations of crypto projects and their current…

Philippines Cracks Down on Unlicensed Crypto Exchanges: Coinbase and Gemini Blocked
Key Takeaways The Philippine government is increasing regulatory oversight on cryptocurrency exchanges, requiring local licenses for operations. Internet…

Amplify ETFs for Stablecoins and Tokenization Begin Trading
Key Takeaways Amplify’s newly launched ETFs focus on tracking companies contributing to the development of stablecoins and tokenization…

JPMorgan Explores Cryptocurrency Trading for Institutional Clients
Key Takeaways JPMorgan Chase is considering introducing cryptocurrency trading services to its institutional clientele, marking a notable shift…

Palmer Luckey’s Erebor Reaches $4.3B Valuation as Bank Charter Progresses
Key Takeaways: Erebor, a digital bank co-founded by Palmer Luckey, has raised $350 million, bringing its valuation to…

Trump Family-Linked USD1 Stablecoin Gains $150M as Binance Unveils Yield Program
Key Takeaways The USD1 stablecoin, associated with the Trump family, increased its market capitalization by $150 million following…

Hong Kong Moves Forward with Licensing Regimes for Virtual Asset Dealers and Custodians
Key Takeaways Hong Kong’s FSTB and SFC are implementing new licensing requirements for virtual asset dealers and custodians…

Venture Capital Post-Mortem 2025: Hashrate is King, Narrative is Dead

Key Market Information Discrepancy on December 24th - A Must-See! | Alpha Morning Report

Why Did Market Sentiment Completely Collapse in 2025? Decoding Messari's Ten-Thousand-Word Annual Report

In Vietnam, USDT’s Use and the Reality of Web3 Adoption
Key Takeaways Vietnam has emerged as a leading nation in the adoption of cryptocurrencies, despite cultural and regulatory…

Facing Losses: A Trader’s Journey to Redemption
Key Takeaways Emotional reactions to trading losses, such as increasing risks or exiting the market entirely, often reflect…

Beacon Guiding Directions, Torches Contending Sovereignty: A Covert AI Allocation War
Key Takeaways The AI that rules today’s landscape exists in two forms—a centralized “lighthouse” model by major tech…

Exploring the Automated Market-Making Mechanism of Snowball Meme Coin
Key Takeaways Snowball is a new meme coin leveraging an automated market-making mechanism to utilize transaction fees for…

Decoding the Next Generation AI Agent Economy: Identity, Recourse, and Attribution
Key Takeaways AI agents require the development of robust identity, recourse, and attribution systems to operate autonomously and…

The State of Cryptocurrency Valuations in 2025
Key Takeaways In 2025, 85% of new tokens saw their valuations fall below their initial issuance value. The…
Trump’s World Liberty Financial Token Ends 2025 Significantly Down
Key Takeaways World Liberty Financial, led by the Trump family, witnessed its token value drop by over 40%…
HashKey Secures $250M for New Crypto Fund Amid Strong Institutional Interest
Key Takeaways HashKey Capital successfully secured $250 million for the initial close of its fourth crypto fund, showcasing…
Crypto Market Slump Unveils Disparity Between VC Valuations and Market Caps
Key Takeaways Recent market downturns highlight discrepancies between venture capital (VC) valuations of crypto projects and their current…
Philippines Cracks Down on Unlicensed Crypto Exchanges: Coinbase and Gemini Blocked
Key Takeaways The Philippine government is increasing regulatory oversight on cryptocurrency exchanges, requiring local licenses for operations. Internet…
Amplify ETFs for Stablecoins and Tokenization Begin Trading
Key Takeaways Amplify’s newly launched ETFs focus on tracking companies contributing to the development of stablecoins and tokenization…
JPMorgan Explores Cryptocurrency Trading for Institutional Clients
Key Takeaways JPMorgan Chase is considering introducing cryptocurrency trading services to its institutional clientele, marking a notable shift…
Popular coins
Latest Crypto News
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com