November Exchange Report: CEX Spot Volume Down by 27%, Futures Trading Reduced by 26%, DEX Perpetual Contracts Slightly Decreased by 1.7%

In November 2025, the spot ="/wiki/article/trading-volume-267">trading volume of mainstream CEXs decreased by 27% compared to October. The top three in terms of percentage change were Coinbase -5.42%, Kucoin -16.50%, and Crypto.com -17.72%. The bottom three were OKX -27.18%, Bybit -31.42%, and Gate -43.91%.

In November, the perpetual contract trading volume of mainstream CEXs decreased by 26% compared to October. The top three in terms of percentage change were HTX -14.21%, Kucoin -14.38%, and OKX -21.15%. The bottom three were Kraken -26.07%, Bybit -28.66%, and Bitget -48.47%.

In November, the website traffic of mainstream CEXs decreased by 14.21% compared to October. The top three in terms of percentage change were OKX -10.22%, HTX -9.96%, Kraken -0.60%. The bottom three were Crypto.com -25.69%, Gate -23.12%, Kucoin -17.50%.

In November, the website download volume of mainstream CEXs decreased by 15% compared to October. The top three in terms of percentage change were HTX 14.46%, Kucoin 5.56%, and OKX 3.59%. The bottom three were Upbit -28.03%, Kraken -34.65%, and Crypto.com -34.93%.

In November, the perpetual contract trading volume of mainstream Perp DEXs decreased by 1.70% compared to October, and the website traffic decreased by 35.5%.

Note: Some data may indicate significant wash trading or bot activity. Spot and derivative data from Coingecko; traffic data from Similarweb; download data from DotDot platform.

CEX Data

DEX Data