Crypto exchange executives said growing regulatory clarity and high hopes after US President-elect Donald Trump’s win contributed to high trading volumes in November.
Monthly crypto exchange volume hit a three-year high in November, sparked by Donald Trump’s election win at the start of the month, along with renewed hopes of more favorable crypto regulations.
According to data shared by crypto market tracker New Hedge, spot crypto exchange volumes hit $2.9 trillion in November, the highest since May 2021.
A spokesperson from exchange Crypto.com says November was its “strongest month in the last year,” reaching record-high volume levels on the platform.
Crypto exchange volumes hit nearly $3 trillion in November as hopes of more favorable crypto regulations coaxed new people into the space. Source: New Hedge
