Crypto Trading Volume Rebounds to $5.19 Trillion in October 2024, Driven by Derivatives Market

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Crypto Trading Volume Rebounds to $5.19 Trillion in October 2024, Driven by Derivatives Market The cryptocurrency market experienced a notable surge in trading activity in October 2024, with total trading volume reaching $5.19 trillion—a 19% increase from the previous month, according to CCData’s latest report.

Together, these exchanges dominate the market, driving the bulk of trading activity and serving as primary destinations for both spot and derivatives transactions.

As derivatives markets continue to grow, their influence on spot prices and market trends will likely increase, creating a more dynamic and interconnected trading environment.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Crypto Trading Volume October 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 14:04:27 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 969 words

Reading Time: 6 minutes read

Sentences: 47 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23461726

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 27 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #121

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