Freedom

Billion

Spot

<div class="watcher-guru"> 
 <p>Centralized exchanges, especially in the US, have taken a hit due to regulatory uncertainty. Coinbase and OKX were greatly affected, which is evident in the fall in trading volume in July.</p> 
 <p>The declining trading volume was definitely positive for South Korean crypto <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> <a rel="noopener noreferrer nofollow" title="Upbit" href="https://thebittimes.com/tag/upbit.html">Upbit</a>. According to the latest report from CCData, <a rel="noopener noreferrer nofollow" title="Upbit" href="https://thebittimes.com/tag/upbit.html">Upbit</a> has dethroned Coinbase and <a rel="noopener noreferrer nofollow" title="OKX" href="https://thebittimes.com/tag/okx.html">OKX</a> in terms of trading volume for the first time in July.</p> 
 <p><strong>Also read: Bitfinex Hack: Duo Pleads Guilty in $4.5 Billion Heist</strong></p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <figure class="wp-block-image size-full"> 
  <img decoding="async" width="975" height="438" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="" class="wp-image-105223 ewww_webp" sizes="(max-width: 975px) 100vw, 975px" data-src-img="https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp.webp 975w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp.webp 800w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 975w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 300w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 768w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 380w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 550w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 800w" data-eio="j"> 
  <noscript> 
   <img decoding="async" width="975" height="438" src="https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp" alt="" class="wp-image-105223" srcset="https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 975w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 300w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 768w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 380w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 550w, https://cdn.thebittimes.com/images/2023/08/04/0790dffd503cc5471fbb602ebf5768b0.webp 800w" sizes="(max-width: 975px) 100vw, 975px"> 
  </noscript> 
 </figure> 
 <h2 class="wp-block-heading" id="h-upbit-got-the-upper-hand-as-coinbase-and-okx-trading-volumes-dropped">Upbit got the upper hand as Coinbase and OKX trading volumes dropped</h2> 
 <p>Data from CCData shows that trading volume on Coinbase and <a rel="noopener noreferrer nofollow" title="OKX" href="https://thebittimes.com/tag/okx.html">OKX</a> dropped by 11.6% to $28.6 billion. During the month, <a rel="noopener noreferrer nofollow" title="OKX" href="https://thebittimes.com/tag/okx.html">OKX</a> saw a 5.8% drop to $29 billion. <a rel="noopener noreferrer nofollow" title="Upbit" href="https://thebittimes.com/tag/upbit.html">Upbit</a> experienced a notable surge in trading volume, recording a significant 42.3% increase to reach $29.8 billion.</p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>This remarkable performance propelled the exchange to become the second-largest platform by trading volume, following Binance. Previously, Coinbase held the position of the second-largest crypto exchange in terms of trading volume.</p> 
 <p><strong>Also read:&nbsp;US Congressman Warren Davidson Stresses Crypto Self-Custody for Defending Freedom</strong></p> 
 <p>A CCData analyst wrote in a note to CoinDesk that <strong>“The Korean market has thought to have been largely driven by retail traders who have built a reputation in the crypto sector.&nbsp;The Kimchi Premium&nbsp;is an example of this, a popular phenomenon which has historically been fueled by strong local demand for digital assets.”</strong></p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>COINBASE</li> 
  <li>exchange</li> 
  <li>OKX</li> 
  <li>Upbit</li> 
 </ul> 
</div>

Upbit Claims No. 2 Spot in July Trading Volume

Tabla de contenidos

TheBitTimes

Otros artículos publicados el 3 ago 2023

Will Ethereum Overcome Its Bearish Sentiment?

U.S. National Debt Soars to $32.6 Trillion: A Precarious Financial Path

Bernie Sanders and other Democrats demand urgent action by the IRS on Crypto tax reporting

Curve DAO (CRV) up 7%, Is Curve Out of the Woods?

XDC Network Surges 36% – Here Are XDC Massive Price Targets

Ukraine claims $81m tax gap from unregulated crypto exchanges

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!