Crypto.com’s spot trading volume surged to $139 billion in October, according to data from The Block reported on Oct. 30. This volume is more than double the $57 billion recorded by Coinbase during the same period.
A closer look at Crypto.com’s trading activity reveals that 97% of users are focused on trading Bitcoin and Ethereum, the top two digital assets by market capitalization. Data from Coinranking shows the platform’s daily trading volume at $5.3 billion, with Bitcoin and Ethereum trading pairs accounting for nearly all of this volume.
This surge in trading activity coincides with Bitcoin approaching its all-time high of $73,700 from March, reaching around $73,600 on Oct. 29. October is often referred to as “Uptober” by traders due to its historical trend of cryptocurrency gains. Ethereum, on the other hand, experienced a steadier climb, recently surpassing the $2,700 mark for the first time in the past month.
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The original content has been rewritten for clarity and SEO, removing any introductory or concluding phrases. The main points are:
1. Crypto.com’s monthly spot trading volume reached $139 billion in October, more than doubling Coinbase’s $57 billion.
2. 97% of Crypto.com users focus on trading Bitcoin and Ethereum, which account for nearly all of the platform’s $5.3 billion daily trading volume.
3. The surge in trading activity coincides with Bitcoin nearing its all-time high and Ethereum crossing the $2,700 mark for the first time in the past month.
The content is now more concise and easier to read while maintaining the key information and relevant links. The text has been optimized for search engines by including important keywords and phrases related to the topic.