CEX Trading Volume Hits $443.27 Billion in October, Binance and Upbit Lead the Way

The Block's data dashboard shows that the cumulative trading volume on cryptocurrency exchanges from October 1st to the present has reached $443.27 billion. BINANCE leads the way with a spot trading volume of $179.41 billion in October. South Korean exchange UPbit ranks second with a spot trading volume of $51.88 billion in October.

From October to the present, Bybit's spot trading volume reached $31.99 billion. Coinbase had a spot trading volume of $28.22 billion, and OKX had a spot trading volume of $27.68 billion.

In addition, the spot trading volume (7-day average) of top platforms surpassed $240 billion on October 26, marking a new high since the end of March.

Compared to the summer, the crypto market has experienced more pronounced volatility as traders are closely watching the impact of headlines regarding the potential launch of a “Bitcoin spot ETF.” Supporters believe this will create new channels for capital inflows. The Block's data shows that the BTC Dvol (Deribit Bitcoin Volatility Index) has reached a new high since April.