Crypto Trading Volumes Surge to 5-Month Highs
Main Idea
Global cryptocurrency exchange trading volumes surged to $1.823 trillion in July, marking the highest level since February, with significant increases in Bitcoin and Ethereum values.
Key Points
1. Global cryptocurrency exchange trading volumes reached $1.823 trillion in July, a 55% increase from June's $1.15 trillion.
2. Bitcoin (BTC) saw a 7.5% increase, closing the month at $115,644, while Ethereum (ETH) gained 49.5%.
3. Spot exchange volume hit a five-month peak, with Binance leading centralized exchanges (CEXs) at $759 billion in July.
4. Decentralized exchange (DEX) volumes also rose, reaching $435.3 billion, with PancakeSwap leading at $188.6 billion.
5. The surge in trading volumes indicates renewed momentum in the cryptocurrency market, nearing February's high of $1.827 trillion.
Description
Global crypto exchange trading volumes spiked to $1.823 trillion in July. Bitcoin and Ethereum significantly contributed to this upward movement. Continue Reading: Crypto Trading Volumes Surge to 5-Month Highs The post Crypto Trading Volumes Surge to 5-Month Highs appeared first on COINTURK NEWS .
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