Upbit records largest decline in spot trading volume among major exchanges in August

Source
JH Kim

Summary

  • It reported that in August, major global centralized exchanges (CEX) spot trading volume increased 4% compared to July.
  • Upbit's spot trading volume was -18%, recording the largest decline among major exchanges.
  • CEX derivatives trading volume was reported to have increased 14% over the same period.

On the 16th (local time), according to U Blockchain, global major centralized exchanges (CEX) spot trading volume in August increased 4% compared to July.

The exchanges with the highest trading volume growth were Bitfinex (+39%), Crypto.com (+30%), BitMart (+25%).

On the other hand, the exchange with the largest decline in volume was Upbit (-18%). MEXC (-15%), Gate.io (-1%) also showed decreases.

Meanwhile, CEX derivatives trading volume was reported to have increased 14% over the same period.

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JH Kim

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