Report: Exchange trading volume using transaction mining mode fell by 3.8% in October

According to the latest CryptoCompare transaction report, from September to October, cryptocurrency exchanges (trading volume) using the transaction mining model (TFM) reward model fell by 3.8%. "In October, exchanges that used a typical receiver fee model accounted for 66% of the total transaction volume, while TFM models accounted for 32%." The total amount of crypto platform transactions that received receiver fees in October was $ 370.3 billion. , An increase of 9.8% since September. On the other hand, the transaction volume of the crypto platform using the TFM model was 181.42 billion US dollars, a decrease of 3.8% since September. According to the report, the remaining transaction volume represents transactions conducted by exchanges that do not generally charge transaction fees, at $ 6.39 billion. At the top of the TFM exchange is BitForex, with a trading volume of $ 34.48 billion in October, an increase of 37.33% since September. It is followed by CoinBene, which is $ 32.96 billion, a month-on-year increase of 19.65%.