Bitcoin trading volume up 75% in August
In August, trading volumes on spot crypto exchanges increased by 75%. This is the highest growth rate since February 2018, analysts at The Block shared their observations.
Last month, the trading volume on spot exchanges, broadcasting more or less reliable data, reached $ 191.2 billion. In July, this figure was $ 109.3 billion.
Binance has the largest market share – approximately 65% of the total trading volume. It is followed by Coinbase (11.2%), Kraken and LMAX Digital – 4.8% each, Bitfinex (3.3%) and Bitstamp (2.8%).
Traffic on crypto exchanges in August grew by 30.5%.
According to SimilarWeb, spot and derivatives exchanges recorded 144.3 million visits last month. This is the maximum for the last 14 months.
Binance is the leader in terms of attendance, with 33.8 million visits recorded in August. It is followed by Coinbase (30.7 million) and BitMEX (6.9 million).
Binance, Coinbase and BitMEX account for 49% of the total web traffic of crypto exchanges. Sources: SimilarWeb, The Block Research.
ForkLog previously reported that the trading volume of the non-custodial platform Uniswap exceeded Coinbase.