August Spot Trading Volume at Major Crypto Exchanges Rises 19%; Binance Share Reaches 47.6%
Suehyeon Lee
Summary
- Spot trading volume across 14 major global cryptocurrency exchanges in August rose 19% from a month earlier to $510.4 billion.
- Binance ranked first with $243.1 billion in spot trading volume, giving it a 47.6% market share.
- OKX posted $46.9 billion and Coinbase recorded $40.9 billion, bringing the top three exchanges' combined market share to 64.8%.
Forecast Trend Report by Period
Spot trading volume at major global cryptocurrency exchanges rose 19% in August from a month earlier.
Wu Blockchain said on Sept. 9 that spot trading volume across 14 major global crypto exchanges totaled $510.4 billion in August. That was up 19% from $429 billion in July. Trading volume increased at 13 of the 14 exchanges surveyed.
Binance ranked first with $243.1 billion in spot trading volume, accounting for 47.6% of the total.
OKX was second with $46.9 billion, followed by Coinbase at $40.9 billion. Combined, the top three exchanges accounted for 64.8% of total volume.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.