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.
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.
FIFA is deepening its Web3 ambitions by launching a tailor-made blockchain on Avalanche, aimed at hosting its expanding digital collectibles ecosystem.
U.S. Senator Bill Hagerty believes stablecoin issuers are on track to become some of the largest holders of U.S. Treasury debt as the regulatory landscape for digital dollar-pegged assets evolves.
Crypto.com has taken another major step in its European expansion, earning regulatory approval to offer crypto derivatives across the European Economic Area under the EU’s financial instruments directive.
Bitget Wallet is taking a big leap forward in its evolution—from a trading app to a full-service crypto lifestyle platform.