Trading across centralized crypto exchanges surged in July, with volumes climbing to $1.71 trillion — the strongest month since February.
That figure marks a 55% increase from June’s $1.1 trillion, underscoring the impact of a broad market rally.
Binance extended its dominance with more than $683 billion in activity, its busiest stretch since January.
Other major exchanges trailed far behind, including Bitget at $126 billion, Bybit with $122 billion, and South Korea’s Upbit at $110 billion.
The uptick in trading paralleled strong gains in leading cryptocurrencies. Bitcoin ended July at a record $115,644, up 7.5% on the month, while Ethereum delivered a sharper 49% advance.
Activity on decentralized platforms also spiked, reaching $435 billion — led by PancakeSwap with nearly $189 billion in trades.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/july-becomes-strongest-month-for-crypto-trading-in-five-months/