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 <li><strong>CEXs experienced a surge in spot and futures trading volume in October.</strong></li>
 <li><strong>Leading the pack in spot volume growth were Crypto.com (201%), Upbit (75%), and Bybit (73%).</strong></li>
 <li><strong>This increased activity came following the Bitcoin-led bull rally that commenced in October.</strong></li>
</ul>
<p>In October, the <a href="https://coinedition.com/crypto-market-sees-lowest-spot-trading-volume-since-2020-amidst-ai-shift/" rel="noopener noreferrer nofollow">spot trading landscape</a> 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.</p>
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   <p lang="en" dir="ltr">CEX Data in Oct: The spot trading volume rosed by 57.5% MOM, hitting a new high since April of this year. Derivative trading volume rosed by 44.5% MOM. The website traffic increased by 15.6% MOM. Read more <a href="https://t.co/FYaUDHnjFF" target="_blank" rel="noopener noreferrer nofollow">https://t.co/FYaUDHnjFF</a> <a href="https://t.co/ws9sL4UXHR" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ws9sL4UXHR</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1724031156553978150?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 13, 2023</a>
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<p>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…</p>
<p>The post <a href="https://coinedition.com/btc-bulls-send-cexs-spot-vol-to-6-month-peak-of-515b-futures-to-2-3t/" rel="noopener noreferrer nofollow">BTC Bulls Send CEXs Spot Vol to 6-Month Peak of $515B; Futures to $2.3T</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

BTC Bulls Send CEXs Spot Vol to 6-Month Peak of $515B; Futures to $2.3T

Coin Edition

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