According to Foresight News, Cointelegraph cited Messari data, the 24-hour trading volume of the centralized crypto exchange Crypto.com increased by 23%, rising to US$3.16 billion on August 1, exceeding Coinbase's US$2.12 billion. Giuseppe Giuliani, managing director of Crypto.com, said the increase in trading volume was mainly due to the exchange's growing list of institutional clients.