Report: October centralized exchange spot trading volume fell 9.7% month-over-month
BIBIBI
AT A GLANCE
According to a CoinDesk Research report, trading volumes across multiple categories varied in October, with spot trading volume on centralized exchanges declining 9.7% month-on-month.
Article
Report: October centralized exchange spot trading volume decreased 9.7% month-on-month to 1020000000000 USD
PANews November 11 news, according to a CoinDesk Research report, October centralized exchange spot trading volume fell 9.7% month-on-month to 1020000000000 USD, interrupting two consecutive months of growth and coming in 60.6% lower than the same period last year. Derivatives trading volume declined slightly by 1.7% to 3870000000000 USD, with its share of total centralized exchange trading volume rising from 77.6% in September to 79.1%. On the decentralized exchange side, spot trading volume dropped 20.7% to 213000000000 USD, while futures trading volume increased 5.26% to 659000000000 USD. RWA perpetual contract trading volume grew 24.1% to 611000000000 USD, with Binance accounting for 73.1%. Additionally, after Coinbase migrated its international perpetual contracts business to Deribit, Deribit's trading volume surged 490%, reaching 195000000000 USD.
PANews said that a CoinDesk Research report shows that in October, centralized exchange spot trading volume fell 9.7% month-on-month to 1020000000000 USD, 60.6% lower than the same period last year.
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The report said that the trend of two consecutive months of growth was interrupted.
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The report stated that derivatives trading volume fell by 1.7% to 3870000000000 USD; its share of total trading volume on centralized exchanges rose from 77.6% in September to 79.1%.
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The report stated that spot trading volume on decentralized exchanges fell 20.7% to 213000000000 USD, while futures trading volume grew 5.26% to 659000000000 USD.
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The report states that RWA perpetual contract trading volume grew 24.1% to 611000000000 USD, of which Binance accounted for 73.1%.
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The report states that after Coinbase migrated its international perpetual futures business to Deribit, Deribit's trading volume increased by 490% to 195000000000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This message relays a report on October trading activity. The report lists changes in trading volumes for spot, derivatives, and futures on centralized and decentralized exchanges, and states that RWA perpetual contracts and Deribit trading volumes increased.
Why it matters to readers
These figures can help readers understand the changes in trading volume across the different transaction categories described in the report; the material does not provide a clear conclusion on the impact of trading volume changes on the exchange's revenue or market share.
Spot trading generally refers to the direct buying and selling of assets; derivatives and perpetual contracts fall under contract trading. The data in this text represents the trading volume described in the report, and does not represent changes in price or investment returns.
Risks and unknowns
The material relays a CoinDesk Research report, but does not provide the original report or statistical methodology for independent verification.
The materials do not specify the exact statistical methods used for each transaction volume data point.
The relationship between Deribit's trading volume growth and Coinbase's migration business is described in the report within the materials, with no additional details provided.
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Related concepts
Centralized exchange
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
