Perpetual derivatives trading on centralized exchanges just shattered records, with cumulative volume reaching $86.2T—a historic milestone for the market. October 2025 became the second-busiest month in history, trailing only August when Bitcoin's previous all-time high sparked intense trading activity across platforms.



Interestingly, the competitive landscape among leading CEXs remained largely unchanged, yet one player made a dramatic move: MEXC surged from the fifth position to second place, reshuffling the market hierarchy. This shift signals evolving dynamics in how traders allocate volume, with institutional and retail participants potentially diversifying their trading venues. The concentrated volume spike underscores growing institutional appetite for leveraged crypto trading amid market momentum.
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MoonRocketmanvip
· 4h ago
MEXC this wave jumped directly from fifth to second place, and the signal of the track breaking through is very obvious. The trading volume of 86 trillion indicates that this launch window has already opened, and the fuel has been fully replenished.
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