CCData: Cryptocurrency Trading Volumes Rise 19% in July After Four Consecutive Months of Declines
cryptocurrency trading volume on centralized exchanges around the world surged 19 percent in July to $4.94 trillion, according to CCData. This was the first increase in trading volume in four months. Derivatives trading volume increased 21 percent to $3.50 trillion. In addition, derivatives market share rose to 70.9%, the highest level since December 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Multiple tokens experience a surge followed by a pullback, EGLD hits a new weekly low
Analysis: Ethereum has held its support level, Bitcoin is expected to rebound to $100,000
An Ethereum OG address deposited 18,000 $ETH worth $54.78 million to an exchange.