BTC Bulls Send CEXs Spot Vol to 6-Month Peak of $515B; Futures to $2.3T
Share:
Predictions Markets
See what traders are focused on
- CEXs experienced a surge in spot and futures trading volume in October.
- Leading the pack in spot volume growth were Crypto.com (201%), Upbit (75%), and Bybit (73%).
- This increased activity came following the Bitcoin-led bull rally that commenced in October.
In October, the spot trading landscape witnessed a substantial interest surge, with leading centralized exchanges (CEXs) collectively experiencing a remarkable 57.5% month-on-month increase in volume. According to the well-known crypto-focused Chinese reporter Colin Wu, these figures recorded for October were last seen six months ago.
Furthermore, Wu noted that the frontrunner exchanges in spot trading volume growth were Crypto.com, Upbit, and Bybit. Specifically, he disclosed that Crypto.com recorded approximately $5 billion spot volume in September, only to surge 201% to nearly $15 billion in Octobe…
The post BTC Bulls Send CEXs Spot Vol to 6-Month Peak of $515B; Futures to $2.3T appeared first on Coin Edition.
Read More
Eric Trump’s American Bitcoin forces 1-for-15 reverse split to avoid Nasdaq delisting amid 8k BTC holding
