Crypto.com’s monthly spot trading volume jumped to $139 billion in October, more than doubling the $57 billion recorded by Coinbase, the Block reported on Oct. 30.
A look at trading activity on the platform shows that 97% of the exchange users are focused on Bitcoin and Ethereum, the top two digital assets by market capitalization.
For context, data from Coinranking shows the platform’s daily trading volume at $5.3 billion, with Bitcoin and Ethereum trading pairs accounting for nearly all this volume.
This activity surge comes as Bitcoin closed in on its all-time high of $73,700 from March, peaking at around $73,600 on Oct. 29 — a month traders often refer to as “Uptober” due to its trend of historical crypto gains. In contrast, Ethereum saw a steadier climb, recently crossing the $2,700 mark for the first time in the past month.
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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