Global crypto trading volumes on centralized exchanges experienced a 19% increase in July, marking the first rise in four months and highlighting the market’s resilience and recovery potential.
Points
- Crypto trading volumes on centralized exchanges rose 19% in July, reaching $4.94 trillion.
- Derivatives market share climbed to 70.9%, the highest since December 2023.
- Bybit’s spot trading volume increased by 23%, boosting its market share to 9.18%.
- Binance retained its lead in spot and derivatives trading despite a slight decline in market share.
In a notable turnaround, global crypto trading volumes on centralized exchanges surged by 19% in July, hitting $4.94 trillion. This increase marks the first rise in trading volumes in four months, underscoring the crypto market’s sensitivity to regulatory and macroeconomic factors and its capacity for rapid recovery and growth.
The derivatives market played a significant role in this resurgence, with its share climbing to 70.9%, the highest level recorded since December 2023. According to CCData, Bybit emerged as a standout performer in July, with its spot trading volume increasing by nearly 23% to $132 billion. This figure represents the third-highest monthly volume in Bybit’s history, boosting its market share to a record 9.18%.
Despite Bybit’s strong performance, Binance maintained its status as the most popular spot exchange, holding a market share of 28.1%. However, Binance’s market share saw a decline of 4.9% from June. In the derivatives market, Binance continued to dominate with a 43.5% market share, followed by OKX at 19% and Bybit at 15.1%.
These developments highlight the dynamic nature of the crypto market and its ability to rebound from periods of decline. The recent surge in trading volumes reflects the market’s resilience and the ongoing interest from both retail and institutional investors.
解説
- The 19% increase in crypto trading volumes in July highlights the market’s resilience and recovery potential.
- The derivatives market’s growing share indicates increased investor interest in advanced trading strategies.
- Bybit’s significant volume growth demonstrates the competitive landscape among crypto exchanges.
- Binance’s continued dominance in spot and derivatives trading underscores its leading position despite market share fluctuations.