November saw a significant slump in cryptocurrency trading volume, dropping to a six-month low of $1.6 trillion. This decline was mainly driven by heightened regulatory pressure and deleveraging behavior among investors. Major exchanges like Binance experienced the sharpest drop in activity. The impact was noticeable across various markets as Bitcoin itself registered a 36% price decline. Increased withdrawals from crypto exchange platforms, particularly those operated by centralized institutions like Binance, added to the volatility of trading conditions. This trend has prompted some to shift towards decentralized exchanges like Uniswap, aiming for increased liquidity and reduced risk in the face of market uncertainties.