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Global crypto exchange volume rose 55% to $1.7T in July
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Binance led centralized exchanges with $683B in volume
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DEXs saw $435B in volume, highest since January
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Market strength fueled by BTC and ETH price rallies
Volume Surge Across Centralized Exchanges
Crypto exchange volume climbed to $1.71 trillion in July, up from $1.1 trillion in June, marking the highest monthly total since February. The surge reflects renewed investor interest and bullish momentum across the broader crypto market.
Binance led the centralized exchanges with $683.4 billion in volume, followed by Bitget ($126B), Bybit ($122B), and Upbit ($110B). Binance’s figures marked its best performance since January.
Decentralized Exchanges Show Growth Too
Decentralized exchanges (DEXs) also recorded strong numbers. Total DEX volume reached $435.3 billion, the highest since January. PancakeSwap led the DEX landscape with $188.6 billion in trading activity.
The rally coincided with Bitcoin reaching its highest monthly close in history and Ether gaining nearly 50% over the month.
Broader Market Context
This increase in trading volume underscores growing momentum in the crypto market, driven by rising institutional adoption, ETF optimism, and macroeconomic factors that favor digital assets over traditional fiat currencies.
