Close Menu
Cryprovideos
    What's Hot

    Crypto Payments Firm MoonPay Secures New York BitLicense – Decrypt

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Why BlockDAG Is the Prime Presale Crypto: 150M Day by day Bonus Beats SPY & PEPETO

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Crypto Buying and selling Volumes Surge in October 2024 Forward of US Presidential Election: CCData Report
    Crypto Buying and selling Volumes Surge in October 2024 Forward of US Presidential Election: CCData Report
    Crypto News

    Crypto Buying and selling Volumes Surge in October 2024 Forward of US Presidential Election: CCData Report

    By Siamak MasnaviNovember 6, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    CCData has simply launched the October 2024 version of its widespread and highly-respected Change Overview report.

    CCData is a Monetary Conduct Authority (FCA)-authorized benchmark administrator and international chief in digital asset knowledge and publishes complete Change Overview experiences month-to-month. These experiences analyze key developments within the cryptocurrency trade market, protecting trade volumes, crypto derivatives buying and selling, market segmentation by trade charge fashions, and crypto-to-crypto versus fiat-to-crypto volumes. The evaluations additionally look at Bitcoin buying and selling towards numerous fiat currencies and stablecoins, present rankings of prime crypto exchanges by spot buying and selling quantity, and monitor quantity tendencies for trans-fee mining and decentralized exchanges.

    In keeping with CCData’s evaluation, October 2024 noticed a big rebound in cryptocurrency buying and selling exercise, with mixed spot and derivatives buying and selling quantity on centralized exchanges climbing 19.0% to succeed in $5.19 trillion. This marked the fifth-highest month-to-month quantity for the yr, as digital asset costs rallied, with Bitcoin approaching its earlier all-time excessive from March.

    CCData’s knowledge exhibits that spot buying and selling quantity elevated by 18.0% to $1.50 trillion, whereas derivatives buying and selling noticed a 19.4% bounce to $3.59 trillion. The report mentions that Binance maintained its place because the dominant trade, with spot and derivatives volumes rising 22.4% and 17.6% to $421 billion and $1.49 trillion, respectively. CCData notes the trade presently holds a 36.9% market share, adopted by OKX at 14.6%, Bybit at 13.1%, and Bitget at 11.4%.

    A notable discovering was that Bitcoin’s open curiosity reached a brand new all-time excessive of $48.3 billion on October thirtieth. Their evaluation exhibits that the CME trade, a number one institutional buying and selling venue, captured 30.6% of open curiosity in BTC devices, indicating robust institutional participation in directional buying and selling and carry trades for positional hedging methods.


    CCData says that complete open curiosity throughout all devices on centralized exchanges rose 18.5% to $75.6 billion. In keeping with their knowledge, Binance led with a 27.0% market share, adopted by CME at 19.8% and Bybit at 18.8%.

    The report highlights that the CME trade recorded its second-highest month-to-month quantity in October, with mixture buying and selling quantity growing 17.2% to $133 billion. CCData’s evaluation exhibits Bitcoin futures quantity on CME grew 13.7% to $108 billion, whereas BTC choices quantity surged 55.8% to $2.20 billion, reaching its highest stage since August.

    Of their examination of Ethereum buying and selling, CCData discovered blended outcomes on CME. Whereas ETH futures quantity elevated 27.6% to $15.1 billion—the seventh-highest quantity this yr—ETH choices quantity decreased by 23.2% to $224 billion, hitting its lowest stage since July 2023.

    The derivatives market continued to dominate total buying and selling exercise, with its market share reaching 71.0%, up from 70.8% in September. This represents the best derivatives buying and selling market share for the yr, highlighting the speculative nature of the market as merchants place themselves forward of the November US presidential elections.

    Featured Picture by way of Unsplash



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto Payments Firm MoonPay Secures New York BitLicense – Decrypt

    June 4, 2025

    Why BlockDAG Is the Prime Presale Crypto: 150M Day by day Bonus Beats SPY & PEPETO

    June 4, 2025

    fly.commerce is Launching $FLY on Sonic

    June 4, 2025

    ADA Breaks Down however Finds Hope in Key Demand Zone – BlockNews

    June 4, 2025
    Latest Posts

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    South Korea’s new president races to approve Bitcoin ETFs for 16 million merchants

    June 4, 2025

    Moscow Trade Launches Bitcoin Futures For Certified Buyers

    June 4, 2025

    Trump's Reality Social to Launch Bitcoin ETF: Will This Presale Pump Subsequent?

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    WhiteRock Launches Platform Tokenizing NYSE, Nasdaq, LSE Securities: Bridging Conventional Markets with DeFi For the First Time

    December 25, 2024

    Crypto Analyst Units $7,000 Goal For Ethereum Value — Right here's How

    January 18, 2025

    Grayscale Information Prospectus for Solana ETF With SEC, Removes Staking – Decrypt

    April 4, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.