- Traded volume on spot cryptocurrency exchanges is projected to hit a 16-month high in July
- In July, Binance captured approximately 54% of the traded volume
- Coinbase, bitflyer, and Bitstamp have grown the fastest in the current bull market while Bitfinex and Bittrex have grown the slowest
Legitimate traded volume on spot cryptocurrency exchanges is projected to hit a 16-month high in July with roughly $117 billion — that’s more than three times as much as just six months ago. The last time volume was this high was in February 2018.
By looking at the stacked cryptocurrency volume, it’s easy to spot how dominant Binance has been.