Crypto exchange traffic surges in Europe and Americas with record-breaking volumes 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.
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.
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.
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.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Kraken
Kraken is a San Francisco-based digital asset exchange in euro volume and liquidity that trades various currencies, including Canadian dollars, US dollars, British pounds, and Japanese yen.
