CandleFocus Crypto Trading Volumes Surge in October 2024 Ahead of US Presidential Election: CCData Report
2024-11-06
Author: Content Editor
CCData has released its October 2024 Exchange Review report, which shows a significant rebound in cryptocurrency trading activity. Spot and derivatives trading volume on centralized exchanges increased by 19.0% to reach $5.19 trillion, making it the fifth-highest monthly volume for the year. Binance maintained its position as the dominant exchange, with a 36.9% market share. The report also highlights that Bitcoin's open interest reached a new all-time high of $48.3 billion, with the CME exchange capturing 30.6% of open interest in BTC instruments. The derivatives market now holds a 71.0% market share.
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