Crypto.com Sees Spot Trading Volume Soar to $139 Billion, Outpacing Coinbase

In October, Crypto.com experienced a significant boost in its monthly spot trading volume, reaching an impressive $139 billion.

This figure more than doubles Coinbase’s $57 billion for the same period, according to a report from The Block on October 30.

Analysis of user activity on Crypto.com reveals that a staggering 97% of traders are concentrating their efforts on Bitcoin and Ethereum, the leading cryptocurrencies by market cap.

Current statistics from Coinranking indicate the platform’s daily trading volume stands at $5.3 billion, with Bitcoin and Ethereum pairs making up nearly the entirety of that amount.

READ MORE:

Another Investment Firm Seeks Approval for Solana ETF

This surge in trading comes as Bitcoin approaches its all-time high of $73,700 from March, hitting around $73,600 on October 29.

October has often been referred to as “Uptober” due to its historical trend of crypto price increases. Meanwhile, Ethereum has shown steady progress, recently surpassing the $2,700 threshold for the first time in the past month.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.