The crypto markets rebounded in October with Bitcoin and Ethereum rising 5.49% and 18.4% respectively. However, this failed to translate into increased trading activity as spot and derivatives trading volume on centralised exchanges recorded new lows in October.

October Highlights

• Spot trading volume on centralised exchanges fell 25.4% to $929bn, recording the lowest monthly traded volume since October 2020.
• This coincided with the 30-day volatility of Bitcoin and Ethereum, which hit their lowest levels since 2020 at 26.6% and 31.9%.
• Trading volume on decentralised exchanges is also at record lows, falling 14.2% to $56.1bn in October, the lowest monthly volume since January 2021.