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October’s report by CryptoCompare: keep abreast of crypto market trends

EXMO supports the monthly crypto reports published by CryptoCompare. The Exchange Review of October 2021 sheds light on market performance over the past month and outlines key development vectors.

At EXMO, we strive to stay on top of the industry trends and contribute to the global crypto adoption. Aiming to empower high-quality market data for sustainable industry development, we support the regular monthly reports published by CryptoCompare, the global leader in digital asset data.

The Exchange Review of October 2021

Exchange CryptoCompare

You can already get your copy of the October Exchange Review that focuses on the monthly trends in exchange volume and assesses exchanges based on spot 24-hour volume, derivatives volumes and pricing data. Here is a sneak peek at the report’s highlights:

  • CME BTC futures volume rose 121% to $70.3 billion following Proshares Bitcoin ETF launch.
  • Bitcoin had its highest monthly-close to date, reaching an intra-month all-time high of $66,981.
  • Daily average open interest in ETH products rose 18.1% to $6.9 billion – a new all-time high for the cryptocurrency.
  • Trading activity across all spot markets dropped compared to September, despite the growth of cryptocurrency prices.
Read full report

 

We have no doubt that the monthly reports published by CryptoСompare will provide you with market insights and help you make informed trading decisions. Stay tuned for the next Exchange Review to keep up with the latest market trends.