🚀 Bitcoin Enthusiasts, Rejoice! 🚀
July brought a breath of fresh air to the crypto world, with global trading volumes on centralized exchanges soaring by 19%, hitting a whopping $4.94 trillion! 🌍📈
CCData's latest report reveals that this surge marks the first increase in four months, driven by the launch of spot Ethereum ETFs in the U.S. and positive vibes from political figures at the Bitcoin conference in Nashville, Texas.
Spot trading volumes jumped 14.3% to $1.44 trillion, while derivatives trading volumes skyrocketed by 21% to $3.50 trillion. The derivatives market share also climbed to 70.9%, its highest since December 2023.
Bybit shone brightly in July, with its spot trading volume surging by nearly 23% to $132 billion, securing a record market share of 9.18%. Meanwhile, Binance maintained its lead with a 28.1% market share, despite a slight decline.
In the derivatives arena, Binance led with a 43.5% market share, followed by OKX and Bybit. Notably, Coinbase International and Crypto.com saw impressive growth, with volumes soaring by 181% and 102%, respectively.
Bitcoin lovers, the market's looking lively! 🌟