November Mainstream CEX Trading Volume and User Activity Rankings Released, Binance and OKX Lead

BlockBeats News, December 12th. According to BlockBeats data, the November mainstream CEX trading volume and usage ranking have been revealed. Binance is ranked first in both spot trading volume and futures trading volume, leading ahead of its competitors. OKX, Bybit, and Gate follow in the 2nd to 4th positions in terms of futures trading volume. In usage, Binance, Coinbase, and OKX hold the top three positions.

Furthermore, Upbit had a spot trading volume of $64 billion in November, ranking only above Kraken among mainstream CEXs. Compared to other mainstream CEXs, its trading volume is nearly one-tenth of Binance's and about 66% of Coinbase's. In November, Upbit's app was downloaded 226,000 times, and its web traffic reached 8.21 million visits. Its overall ranking is at the bottom among mainstream CEXs.

It is worth noting that due to the impact of the crypto winter, the enthusiasm of Korean users for crypto speculation has waned, which is the main reason for Upbit's poor performance in November. However, for Upbit, which is about to be listed in the United States, its investment value is still evident from the above data comparison. In earlier news, Upbit's parent company Dunamu is set to go public in the US stock market, with a current valuation of $10.3 billion.