October Sees Retail Investors Shifting Focus to Crypto Derivatives

In October, the cryptocurrency market saw a 13% increase in market capitalization, rising from $2 trillion to $2.3 trillion, driven by increased activity from retail investors.

These investors are focusing more on derivatives trading instead of spot trading, with demand for Bitcoin transactions under $10,000 growing by 13% after four months of declines.

The number of weekly active stablecoin addresses also reached a three-year high, indicating strong trading activity.

While daily spot trading volumes on centralized exchanges remained stable at $50 billion to $100 billion, derivatives trading surged, with Open Interest exceeding $260 billion, the highest in a year.

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However, investor Lark Davis noted a lack of significant interest in crypto-related searches, implying that retail investors may primarily be engaging in derivatives trading rather than broader market activities.

Alexander Stefanov