According to Wu Blockchain, in October 2025, the combined spot trading volume on leading crypto exchanges grew by 36% compared to the previous month, reaching an impressive $2.36 trillion. Some exchanges demonstrated particularly dynamic growth: KuCoin increased its trading volume by 240%, the highest increase among all exchanges. Bitfinex (+67%) and Gate (+45%) also recorded significant growth.
However, not all market participants demonstrated positive dynamics. Upbit reported a 1% decrease in volume, while Bitget and Bybit demonstrated more moderate growth rates – 16% and 22%, respectively. These results indicate a partial redistribution of trader activity in favor of more dynamic platforms.
The derivatives market also followed suit. Trading volume increased by 27%, reaching $8.3 trillion. KuCoin once again led the way, strengthening its position with a 185% increase. Deribit followed with a 66% increase, followed by Crypto.com, which added 41%. Among the less successful players were Bitget, down 2%, Gate, with a moderate increase of 21%, and Binance, which improved its performance by 26%.
In addition to the increase in trading volumes, October saw increased interest in the platforms themselves. Traffic to crypto exchange websites increased by an average of 5%. Gate (+22%), Bitfinex (+18%), and Upbit (+17%) recorded the largest user influx. This figure may indicate growing interest among investors and retail users in the cryptocurrency market after the relatively quiet summer months.
At the same time, some platforms experienced a decline in traffic. HTX (-32%), BitMart (-16%), and MEXC (-9%) saw significant declines in traffic. Analysts attribute this to both changing trader preferences and increased competition in the market.
The performance of Binance, the largest platform, is particularly noteworthy: its spot Bitcoin trading volume reached $174 billion, confirming the platform's continued leadership in the global market.
The overall growth in trading indicators and traffic indicates a revival in the crypto industry and a gradual return of investor interest after periods of volatility. October was one of the most active months of 2025, setting a positive momentum for further growth in the sector later in the year.