Trading Volume on Leading BTC Exchanges Rose to $689B Last Month

Trading volume on the leading spot platforms surged by more than 20% to $689 billion despite the collapse of FTX structures.

Of the total $495 billion came from Binance, which was the main beneficiary of the collapse of FTX International.

At the end of November, the total volume of assets in the accounts of centralized exchanges decreased by 15%, whereas over the month, the outflow exceeded 3.5 million ETH. The share of ETH locked in DeFi app smart contracts reached 26.71%, compared to 27.97% in October.

Users have again shown interest in decentralized exchanges.