According to The Block's data panel, monthly spot trading volume on cryptocurrency exchanges fell to $1.59 trillion in November, the lowest level since June and down 26.7% from October's $2.17 trillion, making November the worst month after June's $1.14 trillion trading volume. Binance remains the most traded exchange, recording $599.34 billion in volume in November, but this figure is down sharply from $810.44 billion in October, reflecting a general pullback in volume across the industry.