Crypto Exchange Inflows Cool Amid Market Correction as Binance Dominates Trading
Cryptocurrency exchanges are experiencing reduced inflows as the market correction deepens. Binance maintains its dominance, recording $25 billion in spot volume and $62 billion in perpetual futures trading over the past 24 hours—far outpacing competitors like Crypto.com ($4.6B spot) and OKX ($36B futures).
The exchange's stablecoin reserves hit a record $51.1 billion this week, while BTC and ETH inflows reached $40 billion collectively. October's volatility peak saw Binance process $58 billion in spot and $140 billion in futures volume during the October 10 market crash.
November trading volumes show contraction from October highs. Where spot volumes previously peaked at $150 billion daily, current figures hover around $65 billion. Perpetual futures trading follows suit, declining from $298 billion to $170 billion.
