🚀 In July, crypto trading volume on centralized exchanges increased by 19% to $4.94 trillion! This is the first increase in 4 months.

🔹 Spot trading increased by 14.3% to $1.44 trillion.

🔹 Derivatives trading increased by 21% to $3.50 trillion.

🔹 Derivatives market share reached 70.9%, the highest since December 2023.

🔥 Bybit stood out with a spot trading volume increase of nearly 23% to $132 billion, accounting for 9.18% of the market share, ranking 2nd after Binance.

📊 Binance still leads with 28.1% of the spot market share, but down 4.9% from the previous month. In derivatives, Binance accounted for 43.5%, followed by OKX (19%) and Bybit (15.1%).

💥 August saw strong volatility, leading to the second-highest daily spot trading volume since May 2021.

💡 CME saw a 23.7% increase in trading to $130 billion, with a record $3.69 billion in options, driven by institutional interest in ETH ahead of the launch of a spot ETF in the US.

👉 What do you think of this growth? Comment below! 💬