Exchange Review

CryptoCompare’s monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

  • December 13, 2022

In November, the crypto markets fell significantly after the collapse of one of its largest centralised exchanges, FTX. This resulted in a market wide sell-off, with Bitcoin falling 16.3% to $16,978. As a result, trading activity across centralised exchanges rose sharply, with spot and derivatives trading volume increasing by 13.7% and 10.1%, respectively in November.

November Highlights

  • Spot and derivatives trading on centralised exchanges rose 13.7% and 10.1% to $1.06tn and $1.44tn, respectively.
  • Total derivatives trading volume hit $297bn on November 8th, recording the second largest derivatives trading day in digital asset history, only next to May 19th 2021.
  • Binance has increased its market share to 52.9% - its largest-ever market dominance.
  • BTC Netflows Record Largest Outflows from Exchanges in its history with a netflow of -91,363 Following FTX Collapse.

*Updated 15/12/2022

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Exchange Review

CryptoCompare’s monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

  • December 13, 2022

Report Summary

In November, the crypto markets fell significantly after the collapse of one of its largest centralised exchanges, FTX. This resulted in a market wide sell-off, with Bitcoin falling 16.3% to $16,978. As a result, trading activity across centralised exchanges rose sharply, with spot and derivatives trading volume increasing by 13.7% and 10.1%, respectively in November.

November Highlights

  • Spot and derivatives trading on centralised exchanges rose 13.7% and 10.1% to $1.06tn and $1.44tn, respectively.
  • Total derivatives trading volume hit $297bn on November 8th, recording the second largest derivatives trading day in digital asset history, only next to May 19th 2021.
  • Binance has increased its market share to 52.9% - its largest-ever market dominance.
  • BTC Netflows Record Largest Outflows from Exchanges in its history with a netflow of -91,363 Following FTX Collapse.

*Updated 15/12/2022

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