Binance Leads Exchange Volume Rankings Amid Sector-Wide Slump to $1.6 Trillion
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Despite a sharp monthly decline, Binance maintained its position as the largest crypto exchange by spot volume in November, processing $599.34 billion.
This occurred as overall centralized exchange volume fell to $1.59 trillion, its lowest point since June. Bybit, Gate.io, and Coinbase followed distantly.
The cooldown extended to decentralized platforms, with DEX volume hitting a five-month low of $397.78 billion, reflecting a broad retreat in trader activity across both centralized and decentralized venues.
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