Activity on cryptocurrency exchanges significantly decreased in November 2025. According to CryptoQuant, the daily spot trading volume dropped from $100 billion to $65 billion, while futures trading fell from $360 billion in October to $170 billion per day. October 2025 recorded peak values: $150 billion for spot trades and $360 billion for futures.
This is reported by Finway
Binance Leads Among Cryptocurrency Exchanges in Trading Volumes
Despite the overall decline in activity, Binance remains the leading platform for cryptocurrency trading. On the spot market, the exchange executed trades worth $25 billion in a day, while futures contracts accounted for $62 billion.
Increase in Stablecoin Reserves and Inflow of Bitcoin and Ethereum
Experts note that stablecoin reserves on cryptocurrency exchanges are increasing as traders convert their assets into USDT and USDC to mitigate risks due to high market volatility. According to CryptoQuant, on November 15, the volume of stablecoins on Binance reached $51.1 billion, while OKX ranked second with nearly $10 billion in reserves.
“Stablecoin reserves on exchanges are rising — traders are converting assets into USDT and USDC to hedge against volatility, stated CryptoQuant.”
Additionally, over the week, the inflow of Bitcoin and Ethereum to the exchange increased to $40 billion, which may indicate heightened selling pressure. Among the major platforms, Binance received $15 billion, while Coinbase received $11 billion. Other exchanges collectively recorded $14 billion in inflows.
Deposits of altcoins remain high: on October 16, a record 77,000 deposits were recorded in a single day. As of the end of November, around 19,000 altcoin deposits are received daily on Binance, and about 8,000 on Coinbase.
Earlier, CryptoQuant analysts reported on the capitulation of short-term Bitcoin holders, which also impacted market dynamics.
