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Spot Trading Volume on Centralized Exchanges Reaches Multi-Month High in October

According to CCData and The Block's Data Dashboard, spot trading volumes on centralized exchanges increased in October for the first time in four months. CCData reported a total trading volume of $632 billion, while The Block recorded a lower figure of $516.43 billion. The increase in activity in digital asset markets was attributed to the anticipation of a potential approval of a spot bitcoin ETF and the overall bullish price action of major digital assets. Top-tier exchanges such as Coinbase and Binance also increased their market share of trading activity in the past month.

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