Crypto trading volumes literally exploded in August, exceeding the more than the annual high
This year’s August was marked by the cryptocurency trading, when it was the most active month since 2019.
The latest analysis, conducted by experts from The Block, came to the conclusion that the largest month-over-month increase in the volume of crypto trading was in August this year.
In the chart below you can see a look until 2019, and a rapid increase in trading in August.
In terms of specific numbers, trading volume was $ 191.2B in August, which is the increase 74.9% compared to July, which recorded a $ 109.3B.
From the point of view of cryptocurrency exchanges, Binance remains the clear favorite, having the largest share at 65% of the total trading volume. Other positions were occupied by Coinbase with 11.2%, Kraken 4.8% but also LMAX Digital with the same value as Kraken.
August was generally a great month, and DEX also recorded a extraordinary numbers, increasing its volume by 222% from $ 4.49B in July to $ 14.5B in August. We wrote about it here.
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