CMC News

#Crypto Exchange Volume Surges to $1.7T in July as Major Platforms Rally

The total #crypto exchange volume hit $1.7 trillion in July, marking the highest level since February.

The 55% monthly jump from June's $1.1 trillion coincided with $BTC posting its strongest monthly close in history at $115,644.

#Binance led with $683 billion in volume, up from $436 billion in June.

#Bitget followed with $126 billion, while Bybit and Upbit processed $122 billion and $110 billion, respectively.

The surge aligned with $BTC gaining 7.5% and $ETH climbing 49.5% during July.

Decentralized exchange volume also reached $435 billion, the highest since January, with #PancakeSwap leading at $188 billion.