November 2025 witnessed a notable decline in spot trading activity on major centralized exchanges, signaling a retreat from the more robust market conditions observed in October. This downturn highlights a shift in trader sentiment as they brace for upcoming macroeconomic events, and the publication provides the following information:
Общее снижение объемов спотовой торговли
Total spot trading volume across all tracked exchanges plummeted by 28% month-over-month, dropping from 236 trillion in October to 170 trillion in November. This significant decrease reflects a broader risk-off sentiment among traders, who are becoming increasingly cautious in their market engagements.
Причины снижения активности торговли
The decline in trading activity coincided with a period of reduced volatility and a lack of major market catalysts, which typically drive trading volume. As traders prepare for key macroeconomic announcements expected in December, many have opted to reduce their exposure, contributing to the overall slowdown in spot trading.
As trading activity on centralized exchanges declines, the appeal of NoKYC trading options is growing. For more insights on this trend, check out the analysis of five prominent crypto exchanges offering NoKYC experiences here.







