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

Odaily News The Block data board shows that since October 1, the cumulative transaction volume of cryptocurrency exchanges has reached 443.27 billion US dollars. Among them, Binance’s spot trading volume in October reached 179.41 billion U.S. dollars, ranking first. Korean exchange Upbit’s October spot trading volume reached $51.88 billion, ranking second. In addition, Bybit’s spot trading volume has reached US$31.99 billion since October. Coinbase’s spot trading volume reached $28.22 billion, and OKX’s spot trading volume reached $27.68 billion. In addition, the cryptocurrency spot trading volume (7-day average) of the leading platform exceeded US$24 billion on October 26, setting a new high since the end of March. Crypto markets have experienced more pronounced volatility compared to the summer as traders are eyeing headlines about the possible launch of a Bitcoin spot ETF, which proponents believe will create new channels for capital inflows. Data from The Block shows that BTC Dvol (Deribit Bitcoin Volatility Index) hit a new high since April.