Cryptocurrency spot trading volume plummeted to $1.59 trillion in November, marking a 26.7% decline from the previous month and the lowest level since June. Binance, the largest exchange by volume, reported a drop to $599.3 billion. Decentralized exchanges (DEXs) also saw reduced activity, with total volume falling to $397.8 billion. Uniswap and PancakeSwap recorded $79.8 billion and $70.5 billion in trading volume, respectively. Additionally, cryptocurrency ETFs experienced a net outflow of $3.48 billion, reflecting a period of low market volatility and liquidity.