October sees a spike in spot trading volume after 4 months of decline
October marks a significant uptick in cryptocurrency trading , with volume s hitting a seven- month peak driven by major digital asset rallies and ETF speculation. In a recent update from the cryptocurrency market analytics firm CCData, a notable surge in trading volumes on centralized digital asset platforms was observed for October. This marks a significant change in the trend after a period of reduced trading activity, with the reported volume reaching $632 billion. The increase is a striking 87.2% jump from September’s figures. The analysis from CCData highlighted that the volume of spot trading in October scaled heights untouched since March. Centralized exchanges haven’t witnessed such an amount of monthly spot trading since March 2023, with the leap from the previous month being the most pronounced since January 2021. You might also like: U.S. SEC reviewing BlackRock Bitcoin ETF application; Polkadot, Cosmos, and new coin may soar on approval Data fr...