PANews reported on October 29 that according to CoinDesk, digital asset transactions on Crypto.com have exploded this year, making the crypto exchange's trading volume in North America far exceed that of Coinbase (COIN). According to data from The Block, Crypto.com's monthly spot trading volume soared from $34 billion in July to $134 billion in September. The overall trading volume of North American cryptocurrency exchanges in September was $183 billion, of which Coinbase processed $46 billion.
Crypto.com surpassed Coinbase for the first time in July and continued to lead in October. The Block data shows that the exchange has traded $112 billion in volume so far this month, while the total trading volume of exchanges in the region is $173 billion. The third largest exchange, Kraken, lagged far behind in October, with a trading volume of just under $10 billion.
A key reason for Crypto.com’s popularity could be the wide variety of tokens it offers. It lists over 378 tokens, compared to less than 290 on Coinbase and Kraken.
