​​ Trading volume on cryptocurrency exchanges decreased by 1.7 | TokenHolder

​​ Trading volume on cryptocurrency exchanges decreased by 1.7% in July

Wu's team processed data from Coingecko and Similarweb. The centralized cryptocurrency exchanges saw a 1.7% drop in trading volume compared to June, to $1.69 trillion.

At the same time, some exchanges recorded growth - the total trading volume on the largest exchange Binance increased by 9.3%, with the platform Binànće.UŞ growth of 76.7%.

Phemex was the fastest growing stock exchange, with an increase of 227.4 percent. The volume of trading on the LBank (-51.4%), Huobi (-31.3%) and Gate.iö (-31.2%) exchanges decreased significantly.

In the cryptocurrency futures market, the decline was more noticeable - trading volumes fell by 5.2% over the month to $3.97 trillion. All platforms except OKEX (up 5.5%), Huobi (+1.9%) and Gate.iö (+0.2%) registered a decline.

Not surprisingly, the attendance figures of centralized cryptocurrency exchanges' sites decreased as well. The drop was 10.13%.

The decline in traffic was also recorded by all sites, with the exception of exchanges MEXC (+22.7%), BitMart (+15.4%) and Bitget (+14.3%). Most often cryptocurrency exchanges are visited by users from Russia, the U.S. and South Korea.

Earlier analytical service CryptoSlam reported that July sales of non-exchangeable tokens on secondary markets, compared to June, fell by 25%, to $650 million.