Crypto.com's monthly spot trading volume surged to $139 billion in October, more than double the $57 billion recorded by Coinbase, The Block reported on October 30.
A look at the platform's trading activity shows that 97% of exchange users are focused on Bitcoin and Ethereum, the top two digital assets by market capitalization.
For context, data from Coinranking shows that the platform has a daily trading volume of $5.3 billion, with the Bitcoin and Ethereum trading pair accounting for almost all of this trading volume.
This surge in activity comes as Bitcoin nears its all-time high since March of $73,700, peaking at around $73,600 on October 29th. The month is often referred to as an “uptober” by traders due to the historical uptrend in cryptocurrencies. In contrast, Ethereum has seen a steady rise and recently surpassed the $2,700 mark for the first time last month.
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