{"id":58253,"date":"2025-12-01T11:30:23","date_gmt":"2025-12-01T08:30:23","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=58253"},"modified":"2025-12-01T09:44:39","modified_gmt":"2025-12-01T06:44:39","slug":"crypto-trading-volume-november-drop-market","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/crypto-trading-volume-november-drop-market\/","title":{"rendered":"Crypto Trading Volume Plunges in November as Markets Cool"},"content":{"rendered":"<p data-start=\"845\" data-end=\"1127\"><strong>Crypto trading volume<\/strong> fell sharply in November, hitting a six-month low at $1.6 trillion. The crypto market cooled rapidly after October\u2019s intense activity and signaled a clear shift in investor behavior. The slowdown affected both centralized exchanges and decentralized platforms.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/crypto-trading-volume-november-drop-market\/#Centralized_exchanges_saw_a_steep_decline\" title=\"Centralized exchanges saw a steep decline\">Centralized exchanges saw a steep decline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/crypto-trading-volume-november-drop-market\/#DEX_volume_also_dropped_significantly\" title=\"DEX volume also dropped significantly\">DEX volume also dropped significantly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/crypto-trading-volume-november-drop-market\/#Bitcoins_price_drop_weakened_overall_risk_appetite\" title=\"Bitcoin\u2019s price drop weakened overall risk appetite\">Bitcoin\u2019s price drop weakened overall risk appetite<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"1134\" data-end=\"1179\"><span class=\"ez-toc-section\" id=\"Centralized_exchanges_saw_a_steep_decline\"><\/span>Centralized exchanges saw a steep decline<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1181\" data-end=\"1501\">Centralized exchanges recorded $1.59 trillion in spot trading during November, marking a significant drop from the previous month. This decline followed fading volatility and widespread profit-taking after October\u2019s rapid rally. As trading ranges narrowed, short-term opportunities weakened and traders reduced exposure.<\/p>\n<p data-start=\"1503\" data-end=\"1850\"><a href=\"https:\/\/coinengineer.net\/blog\/?s=binance\"><strong>Binance<\/strong><\/a> remained the largest exchange with $599 billion in volume, although the figure reflected a sharp pullback from October. Bybit, Gate.io and Coinbase also posted declines, reinforcing the broader cooling trend across the sector. The crypto market entered a slower phase as reduced momentum limited risk appetite and curbed trading frequency.<\/p>\n<p data-start=\"1852\" data-end=\"1999\">This period highlighted a notable shift in trading behavior, as investors responded to compressed conditions and waited for clearer market signals.<\/p>\n<h3 data-start=\"2006\" data-end=\"2047\"><span class=\"ez-toc-section\" id=\"DEX_volume_also_dropped_significantly\"><\/span>DEX volume also dropped significantly<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2049\" data-end=\"2430\">The slowdown extended to decentralized exchanges. DEX volume fell to $397.7 billion in November, marking the lowest level since June. Additionally, major platforms like Uniswap and PancakeSwap saw meaningful decreases, reflecting softer DeFi incentives and weaker speculative activity. The market slowdown and narrower price ranges further reduced short-term trading participation.<\/p>\n<p data-start=\"2432\" data-end=\"2762\">The DEX-to-CEX volume ratio slipped to 15.73 percent, signaling a rotation back toward centralized exchanges. Deeper liquidity and tighter spreads provided more efficient execution, which became increasingly important as volatility dried up. Meanwhile, reduced incentive yields made DEX activity less attractive in the short term.<\/p>\n<p data-start=\"2432\" data-end=\"2762\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58254 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/dex-volume-1024x319.png\" alt=\"\" width=\"953\" height=\"297\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/dex-volume-1024x319.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/dex-volume-300x94.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/dex-volume-768x239.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/dex-volume-1536x479.png 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/dex-volume.png 1562w\" sizes=\"auto, (max-width: 953px) 100vw, 953px\" \/><\/p>\n<h3 data-start=\"2769\" data-end=\"2824\"><span class=\"ez-toc-section\" id=\"Bitcoins_price_drop_weakened_overall_risk_appetite\"><\/span>Bitcoin\u2019s price drop weakened overall risk appetite<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2826\" data-end=\"3203\">The downturn became more visible through Bitcoin price action. The Bitcoin price fell from $110,000 to nearly $81,000 over the month, adding pressure to the broader market slowdown. Combined with shrinking trading activity, the drop reinforced caution among retail and institutional traders. Spot Bitcoin ETFs recorded $3.48 billion in net outflows, the highest since February.<\/p>\n<p data-start=\"3205\" data-end=\"3271\">These developments shaped three key behavioral shifts in November:<\/p>\n<p data-start=\"3273\" data-end=\"3433\">\u2022 Traders preferred waiting as volatility collapsed.<br data-start=\"3325\" data-end=\"3328\" \/>\u2022 Low-margin trading reduced overall activity.<br data-start=\"3374\" data-end=\"3377\" \/>\u2022 Liquidity tightened across both CEX and DEX platforms.<\/p>\n<p data-start=\"3273\" data-end=\"3433\"><i>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our<\/i><a href=\"https:\/\/t.me\/coinengineernews\">\u00a0<i>Telegram,<\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i>\u00a0YouTube<\/i><\/a><i>, and<\/i><a href=\"https:\/\/twitter.com\/coinengineers\">\u00a0<i>Twitter<\/i><\/a><i>\u00a0channels for the latest<\/i><a href=\"https:\/\/coinengineer.io\/news\/\">\u00a0<i>news<\/i><\/a><i>\u00a0and updates.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto trading volume fell sharply in November, hitting a six-month low at $1.6 trillion. The crypto market cooled rapidly after October\u2019s intense activity and signaled a clear shift in investor behavior. The slowdown affected both centralized exchanges and decentralized platforms. Centralized exchanges saw a steep decline Centralized exchanges recorded $1.59 trillion in spot trading during<\/p>\n","protected":false},"author":36,"featured_media":46718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[552,4379,2883,840,847,20735,19593,26099],"class_list":["post-58253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-price","tag-centralized-exchanges","tag-crypto-analysis","tag-crypto-market","tag-crypto-news","tag-crypto-trading-volume","tag-dex-volume","tag-market-slowdown"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Trading Volume Plunges in November as Markets Cool - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Crypto trading volume fell to $1.6T in November as both CEX and DEX activity dropped sharply, highlighting a major shift in market sentiment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/crypto-trading-volume-november-drop-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Trading Volume Plunges in November as Markets Cool - 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