October Sees 36% Surge in CEX Spot Trading Volumes, Led by KuCoin's 240% Jump

Centralized exchanges (CEXs) experienced a significant rebound in spot trading volume during October 2025, with overall volume rising by 36% month-over-month, according to data from Wu Blockchain. Total spot volume across major platforms increased from $1.73 trillion in September to $2.36 trillion in October, marking one of the strongest monthly gains in 2025.

KuCoin recorded the most dramatic growth, with spot trading volume surging 240% to $160.4 billion, attributed to its campaigns attracting retail traders and listings of trending altcoins. Bitfinex followed with a 67% increase to $10.2 billion, while Gate.io posted a 45% gain, rounding out the top performers.

Other exchanges showed varied results: Binance retained its dominance with a 32.5% rise to $809.6 billion, MEXC grew 35.4% to $174.5 billion, and OKX, Crypto.com, and Coinbase saw increases of 41.7%, 36.1%, and 24.8%, respectively. In contrast, South Korea's Upbit was the only major exchange to decline slightly, with a 0.9% drop to $80.4 billion, indicating regional market shifts.

The surge is linked to renewed investor optimism, improved macro sentiment after the U.S. government shutdown deal, and increased activity around altcoin listings. Analysts suggest this momentum could continue into November, potentially driving higher engagement and liquidity as the market heads toward year-end rallies.