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.

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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.

Kostadin Dimitrov