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Crypto Exchange Volume Surged 55% in July

Crypto trading volume jumped 55% in July to $1.71T, the highest since February, led by Binance, Bitget, Bybit, and Upbit.

  • July crypto exchange volume reached $1.71T, up 55% from June.
  • Binance led the market with $683B in trading volume.
  • Bitget, Bybit, and Upbit followed as top exchanges in July.

The crypto market roared back to life in July with a major surge in trading activity. Total crypto exchange volume reached $1.71 trillion, the highest figure since February. This represents a 55% increase from June’s $1.1 trillion, signaling renewed investor interest and market momentum.

Several factors may have contributed to this uptick, including anticipation around upcoming Bitcoin ETF decisions, growing altcoin activity, and improving macroeconomic signals. The jump in trading volumes suggests increased liquidity and broader participation across the market.

Binance Dominates, But Other Exchanges Gain Ground

As usual, Binance maintained its lead as the largest crypto exchange by volume, handling an impressive $683 billion in trades during July. However, other platforms also saw notable activity:

  • Bitget recorded $126 billion,
  • Bybit followed closely with $122 billion,
  • Upbit, South Korea’s largest exchange, posted $110 billion.

These platforms have been actively expanding features like copy trading, derivatives, and promotional campaigns, helping them attract new traders.

What’s Next for Exchange Volumes?

If this upward trend continues, August might bring even more trading momentum, especially if new market catalysts emerge. Analysts are watching closely for signals from regulators, particularly regarding Bitcoin spot ETFs, which could bring even more capital into the space.

For traders and investors, July’s numbers offer a bullish sign that the market is regaining strength after months of sideways movement.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

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