"November Virtual Asset Spot Trading Volume, 3790 Trillion Won... Highest Since May 2021"
Summary
- Last November, the spot trading volume of virtual assets reached approximately 3,791 trillion won, recording the highest level since May 2021.
- In particular, the trading volume of Bitcoin (BTC) and Ethereum (ETH) derivatives increased significantly, indicating a sharp rise in market volatility.
- This is analyzed as a result of increased interest in virtual assets amid global economic uncertainty, such as Donald Trump being elected as the President of the United States.
The spot trading volume of virtual assets (cryptocurrency) in November reached 2,700 trillion won (approximately 3,791 trillion won).
On the 2nd, the professional media Double Block reported, "The spot trading volume of virtual assets worldwide recorded the highest level since May 2021, reaching 2,700 trillion won last month."
According to the media, last month's spot trading volume was more than double that of October (approximately 1,140 trillion won). The rise in virtual asset trading volume was attributed to the anticipation of a global economic uncertainty as Donald Trump was elected as the President of the United States.
The trading volume of virtual asset derivatives also showed a significant increase. The media stated, "Last month's Bitcoin (BTC) derivatives trading volume reached 2,590 trillion won. Ethereum (ETH) derivatives trading volume also recorded 1,280 trillion won, marking the highest level since May 2021."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
