Quick Take
Data from SimilarWeb, as reported by The Block, paints an intriguing picture of the digital assets market across Europe, North America, and South America. The data reveals a significant increase in website visits to dominant exchanges in these regions during November 2023.
With Kraken leading the way, the exchange volumes observed a notable surge in Europe, registering approximately $30 billion, marking it as the second-largest haul after March.
Europe Based Customer Exchange Volume: (Source: The Block)
Meanwhile, North America had a parallel narrative. Coinbase, the dominant exchange, witnessed $50 billion of the total $87 billion traded, making it the joint second-largest exchanging month, equaling January and trailing March.
North America Based Customer Exchange Volume: (Source: The Block)
South America, however, outdid its counterparts by witnessing its largest exchanging month in November, led by BTSE, pegging the volume at an impressive $23 billion.
South America Based Customer Exchange Volume: (Source: The Block)
This data provides crucial insight into the growing global interest and active participation in digital asset trading, emphasizing dominant exchanges’ significant role in their respective regions.
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