Bitcoin

Momentum

<p style="text-align: justify">Chinese Blockchain and crypto currency journalist Wu Blockchain announced the November figures for central crypto exchanges. There was a 60% significant increase in spot crypto trading throughout the month. Although <a href="https://en.coin-turk.com/binance-announces-full-support-for-airdao-amb-and-bitshares-bts-network-upgrades/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> exchange maintained its leadership position with the volume it produced, it was observed that it lost ground. In the month when Binance lost ground, KuCoin, OKX, and MEXC exchanges gained ground and moved forward.</p>
<h2 style="text-align: justify" id="binance-lost-ground">Binance Lost Ground</h2>
<p style="text-align: justify">Striking November figures for central crypto exchanges were announced. During the month when there was a 60% volume increase in spot crypto trading, KuCoin, OKX, and MEXC exchanges saw the largest volume increase. The spot crypto trading volume of these crypto exchanges increased by 109%, 93%, and 70% respectively throughout November.</p>
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-287369" src="https://coin-turk.com/wp-content/uploads/2023/12/Kripto-Para-Borsalari.jpeg" alt="" width="966" height="792"></p>
<p style="text-align: justify">Although the giant crypto exchange Binance continues to be the largest crypto exchange in terms of spot trading volume, its transaction volume remained behind many crypto exchanges with an increase of 53.9%. The volume of the US-based crypto exchange Coinbase, on the other hand, increased at a relatively lower rate, 61.7%, contrary to expectations.</p>
<p style="text-align: justify">During November, Binance sat at the top of the list with the volume it produced, followed by UpBit, OKX, ByBit, and Coinbase exchanges. The top ten of the list were completed with Huobi, BitMart, Gate, Bitget, and KuCoin and Crypto.com, respectively.</p>
<h2 style="text-align: justify" id="web-traffic-of-crypto-exchanges-increased-nearly-10">Web Traffic of Crypto Exchanges Increased Nearly 10%</h2>
<p style="text-align: justify">Furthermore, there was a significant increase in the volume of crypto futures throughout the month. While the volume of crypto futures increased by 4.44%, the web traffic of central crypto exchanges recorded an increase of 8.5%.</p>
<p style="text-align: justify">The increase in the web traffic of crypto exchanges along with the volumes is quite important as it indicates that new participants have joined the current market participants or participants who prefer to stay out of the market. The trigger of the increase in volume and web traffic was the largest crypto currency, <a href="https://en.coin-turk.com/tone-vays-foresees-bitcoin-rallies-up-to-55000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC), and the upwards movement of altcoins under the leadership of BTC.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/binance-loses-ground-as-other-crypto-exchanges-gain-momentum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/binance-loses-ground-as-other-crypto-exchanges-gain-momentum/</a>

Binance Loses Ground as Other Crypto Exchanges Gain Momentum

Table of Contents

COINTURK NEWS

Other articles published on Dec 11, 2023

Seasoned Crypto Trader Unveils Bull Run Investment Strategy for 2024

Bitcoin Inscription BRC20 Race Heats Up, Can I Still Buy Now and Where Can I Trade?

Lean Community and FreeLIB Newsletter - Week #49

This New Way To Earn Passive Income From Crypto Could Be A Game Changer, Pullix.io Review

The Cryptocurrency Market Experiences Sharp Movements: BTC and Altcoins React

Ethereum Under Pressure: Why Are Some Transactions Censored There?

Join our free newsletter for daily crypto updates!