Experts Report Significant Decline in Crypto Exchange Activity

• The daily volume of spot trading on crypto exchanges decreased from $100 billion to $65 billion.
• The indicator of futures trading fell from $360 billion to $170 billion per day.

Against the backdrop of the market correction, activity on crypto exchanges decreased significantly. According to CryptoQuant, the daily volume of spot trading fell from $100 billion in early November to $65 billion. In the futures segment — from $298 billion to $170 billion. In October, the peak values reached $150 billion (spot) and $360 billion (futures).

Experts noted that Binance remains the leading trading platform — in a day, users made transactions for $25 billion in the spot market and $62 billion in futures.

Stablecoin reserves on exchanges are growing — traders are transferring assets into USDT and USDC to hedge volatility, CryptoQuant said. On Binance, total reserves of these assets reached $51.1 billion on Nov. 15, with OKX in second place with nearly $10 billion.

In addition, bitcoin and Ethereum receipts on the exchange rose to $40 billion for the week, which may indicate increasing selling pressure. Binance and Coinbase received $15 billion and $11 billion, respectively. The other platforms totaled $14 billion.

Altcoin deposits remain at elevated levels. The peak was recorded on October 16–77,000 deposits per day. Now Binance receives 19,000 deposits daily, Coinbase — 8000.

Recall, earlier in CryptoQuant announced the capitulation of short-term owners of bitcoin.