Centralized cryptocurrency exchanges saw an increase in trading volumes in August, continuing the growth that began in July. Monthly spot market volumes across global exchanges reached
$1.2 trillion, a
6.6% increase from July's
$1.12 trillion.
Binance Leads the Market
Binance captured the largest market share in August, with a trading volume of
$448.45 billion. U.S.-based exchanges, including Coinbase, also saw significant increases in trading volumes, with North American-based customer exchanges reaching
$166.84 billion in August, up
21.6% from July.
Continued Growth After June Lows
The data reflects a continued upward trend in trading volumes across centralized exchanges throughout the summer, reversing the declines seen in June. In 2024, exchange trading volumes peaked in March at
$2.48 trillion, coinciding with Bitcoin reaching its all-time high of over
$73,000.
Read more at The Block.
