October Centralized Exchange Spot Trading Volume Drops 9.7% to $1.02 Trillion

In October, the spot trading volume on centralized exchanges decreased by 9.7% month-on-month to $1.02 trillion, interrupting two consecutive months of growth and representing a year-on-year decline of 60.6%. Derivatives trading volume slightly decreased by 1.7% to $3.87 trillion, with its share of the total trading volume on centralized exchanges rising from 77.6% in September to 79.1%. The spot trading volume on decentralized exchanges fell by 20.7% to $213 billion, while futures trading volume increased by 5.26% to $659 billion. The trading volume of RWA perpetual contracts grew by 24.1% to $611 billion, with Binance accounting for 73.1%. After Coinbase moved its international perpetual contract business to Deribit, Deribit's trading volume surged by 490% to $195 billion.

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