Crypto Slump Pushes CEX Perpetual Futures Volume to 31-Month Low

Monthly perpetual futures trading volume on centralized cryptocurrency exchanges fell to its lowest level in 31 months last month.

Cointelegraph reported on August 7 that monthly perpetual futures volume on centralized exchanges totaled about $4 trillion last month. That was the lowest level since December 2023.

Binance led all exchanges with about $1.4 trillion in volume. OKX followed with about $600 billion, while Bybit handled about $300 billion.

Perpetual futures volume rebounded temporarily from April through June before resuming its decline in July. CoinGlass data showed daily spot crypto trading volume also fell sharply last month, dropping 23.6% to $13.6 billion on July 31 from $17.8 billion on July 1.

The decentralized exchange perpetual futures market also shrank. DeFiLlama data showed perpetual futures volume on decentralized exchanges totaled $531 billion last month, the lowest since June 2025 and the weakest level in about a year.