Getting Accurate Digital Asset Information
CCData, a firm sanctioned by the FCA, compiles and interprets data from recognized trading platforms, offering an extensive view of the digital asset market. This includes trading activities, order books, historical insights, social media trends, and blockchain analytics.
Pivotal Exchange Review by CCData
CCData’s Exchange Review report delves into various aspects of exchange volumes, market segments, and comparative analysis of different trading volumes. The review provides a thorough examination of Bitcoin’s trading patterns, leading crypto exchanges, and historical volume trends.
Who the Review Serves
The Exchange Review serves a diverse audience, including crypto aficionados, professional investors, analysts, and regulatory bodies looking for analytical insights. The report delivers insights into the exchange landscape.
Key Market Insights:
Increase in Trading Volumes
November saw a significant increase in both spot and derivatives trading volumes on centralized exchanges. The combined volume rose to $3.61 trillion, aligning with the bullish price action of major cryptocurrencies.
Exchange Dynamics
Market Share Declines and Gains
Binance’s market share continued its decline, while OKX and Upbit saw significant gains, marking all-time highs in market share.
CME Institutional Volume
Rise in CME Trading Volumes
Trading volumes for BTC and ETH futures rose, with CME overtaking Binance in BTC Futures open interest.
Exchange News Highlights
Notable Developments
Coinbase, Binance, and Gemini were among the exchanges highlighted for their new offerings and resolutions of regulatory issues.
Market Liquidity Analysis
Trends in Market Liquidity
There was a decline in market liquidity for BTC pairs across several exchanges, with fluctuations in market depth.
Key Market Insights
November saw a marked increase in both spot and derivatives trading volumes on centralized exchanges. The combined volume rose by 40.7% to $3.61 trillion, the highest since March 2023. This surge aligns with the bullish price action of major cryptocurrencies, notably Bitcoin and Ethereum, which reached new yearly highs. The anticipation of a potential spot Bitcoin ETF early next year further fueled this positive market sentiment.
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