Crypto trading activity accelerated in October, with centralized exchanges (CEXs) posting notable month-over-month gains across both spot and derivatives markets. This is according to data compiled by Wu Blockchain, and sourced from Coingecko/Similarweb.

Spot trading volume jumped 36% from September, signaling renewed retail and institutional participation. Kucoin led the pack with a 240% surge, followed by Bitfinex (+67%) and Gate (+45%). On the other end, Upbit (-1%), Bitget (+16%), and Bybit (+22%) lagged behind the broader recovery trend.

Derivatives trading volume climbed 27%, reflecting stronger speculative demand and a rebound in market leverage. Again, Kucoin outperformed with +185% growth, while Deribit (+66%) and Crypto.com (+41%) rounded out the top three. The weakest performers were Bitget (-2%), Gate (+21%), and Binance (+26%), though all maintained solid overall activity levels.

Meanwhile, website traffic across major exchanges rose 5% in October, a modest uptick that hints at growing retail engagement. Gate (+22%), Bitfinex (+18%), and Upbit (+17%) saw the strongest increases in visits, while HTX (-32%), Bitmart (-16%), and MEXC (-9%) recorded notable declines.

Analysts cautioned that some of the reported data may include wash trading or bot-driven volume, but the overall trend points to a market regaining momentum after a muted September. With both spot and derivatives activity rebounding, October marked a clear step toward a more active and liquid crypto trading environment heading into year-end.

FAQ🏆

• What drove the rise in CEX trading activity in October?
  Centralized exchanges saw trading volumes surge as market sentiment improved and liquidity returned.
• Which exchange led the growth?
  Kucoin dominated with a 240% jump in spot and a 185% surge in derivatives trading.
• How did other major exchanges perform?
  Bitfinex and Gate showed strong rebounds, while Binance and Bitget posted slower gains.
• What does this signal for the crypto market?
  The sharp recovery in CEX volumes suggests growing confidence and momentum heading into year-end.

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