Crypto.com has exceeded Coinbase in volumes of digital asset trading in North America, according to a data report.
The Block detailed how Crypto.com’s monthly spot trading volume spiked to $134 billion in September, compared to $34b just two months earlier in July.
Coinbase was responsible for $46b of the total trading volumes across North American crypto exchanges, which stood at $183b in September.
The lead established in July is still in place at the time of writing (Oct 29), with Crypto.com dominating this month’s trades. It has registered $112b of the overall $173b traded on the exchanges.
In a distant third place behind Coinbase is Kraken, with just under $10b of trading activity on its platform.
.@cryptocom is leading North American crypto trading, with $112B in volume this month, beating Coinbase’s $46B.
In September, CryptoCom reached $134B in trading, up from $34B in July. $CRO pic.twitter.com/TBknOgB74P
— Satoshi Club (@esatoshiclub) October 29, 2024
Over 378 tokens on offer from Crypto.com, more than its competitors
While both of those exchanges offer just less than 290 tokens each, a catalyst for the Crypto.com surge could be the extensive range of tokens it provides. It has over 378 up for grabs, from the established Bitcoin (BTC) and Ethereum (ETH) to meme coins, and even ecosystem tokens like Jupiter’s JUP.
The varied array of tokens provides an added dimension for Crypto.com, possibly even providing a secondary activity but CoinGecko research indicates most traders are firmly concentrated on the main players.
BTC and ETC trading comfortably dominate the picture on Crypto.com, responsible for more than 85% of all activity. Further research indicated just over a quarter (26%) of the exchange’s web traffic originates from the States, with most traders active during U.S. trading hours.
Image credit: Via Ideogram
