Top Crypto Exchanges Saw Trading Volumes Plunge in October
After setting a daily trading volume record this year in September, cryptocurrency trading platforms have seen spot trading volumes decline. In October, top trading platforms saw their volumes plunge.
CryptoCompare’s October 2020 Exchange Review details Top-Tier cryptocurrency exchanges, defined by CryptoCompare’s Exchange Benchmark, saw larges decreases in monthly spot trading volumes in October, with some top platform losing as much as 40% of their trading volume.
The decline was so significant that while derivatives trading volumes across the crypto space only decreased by 2.4% in October to $619.9 billion, total spot trading volumes decreased by 17.6% to $557.7 billion.
