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CEX trading volume reached US$443.27 billion in October, with Binance and Upbit ranking the top two

According to The Block data board, the cumulative trading volume of cryptocurrency exchanges from October 1st to now has reached 443.27 billion US dollars. Among them, Binance's spot trading volume in October reached 179.41 billion US dollars, ranking first. Upbit, a South Korean exchange, had a spot trading volume of 51.88 billion US dollars in October, ranking second. In addition, Bybit's spot trading volume from October to now has reached 31.99 billion US dollars. Coinbase's spot trading volume is 28.22 billion US dollars, and OKX's spot trading volume is 27.68 billion US dollars. In addition, the cryptocurrency spot trading volume of top platforms (7-day average) exceeded 24 billion US dollars on October 26th, reaching a new high since the end of March. Compared with the summer, the cryptocurrency market has experienced more significant fluctuations, as traders are paying attention to the headline news that a Bitcoin spot ETF may be launched, and supporters believe that this will create new channels for capital inflows. The Block data shows that the BTC Dvol (Deribit Bitcoin volatility index) has reached a new high since April.

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