Spot

<p class="is-style-lead">CCData, a global data provider, released a new <a href="https://ccdata.io/reports/exchange-review-july-2023" target="_blank" rel="noopener noreferrer nofollow">report</a> on cryptocurrency exchanges’ performance for July. </p> 
<p>The report analyzes the performance of the main cryptocurrency exchanges in the crypto industry in different market segments like spot and derivatives trading.</p> 
<p>According to the report, centralized exchanges have shown the lowest trading volume in the markets since 2021. The trading volume for the derivatives and spot markets went down to $2.36 trillion, falling by 12%.</p> 
<h2 class="wp-block-heading" id="binance-keeps-leading-the-market">Binance keeps leading the market</h2> 
<p>According to the report, <a href="https://crypto.news/us-doj-reportedly-considering-fraud-charges-against-binance-to-minimize-impact/" rel="noopener noreferrer nofollow">Binance</a> is leading the derivatives cryptocurrency exchanges, being the number one exchange as per trading market volume.</p> 
<p>In July, the company had a monthly trading volume of $1.06 trillion (down 12.25% compared to June). OKX falls in second place with ($355 billion, down 13.1%) and Bybit ($215 billion, down 11.6%).</p> 
<p>Bitget and BitMEX saw good performance in the derivatives markets, showing a minimal decline of 6.97% and 7.92%, respectively.</p> 
<h2 class="wp-block-heading" id="upbit-comes-in-hot">Upbit comes in hot</h2> 
<p>Upbit broke the general market trend by showing an increment of 42.3% and having a trading volume of $29.8 billion.</p> 
<p>According to the report, the company outperformed some of the biggest cryptocurrency exchanges in the market, like Coinbase and OKX.</p> 
<p>OKX trading volume fell 11.6%, getting to a value of $28.6 billion, and Coinbase trading volume fell 5.75%, having a trading volume of $29 billion. Upbit is currently the second-biggest exchange in the market as per trading volume.</p> 
<h2 class="wp-block-heading" id="spot-trading-volume-trends">Spot trading volume trends</h2> 
<p>According to the report, the spot volume of&nbsp; the 11 graded AA-A exchanges went down by 11% compared with the previous month. The market had an aggregated spot volume totaling $291 billion.</p> 
<p>Binance, Upbit, and <a href="https://crypto.news/coinbase-to-release-base-layer-2-for-public-access/" rel="noopener noreferrer nofollow">Coinbase</a> were the top 3 exchanges, leading the spot trading market and representing nearly 74% of total volume (compared to 72.7% in June).</p>

Binance remains the biggest exchange, Upbit outperforms Coinbase, OKX in July: report

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