Cryptocurrency exchange spot trading volume in July increased 55% month-on-month.

According to The Block, the total spot trading volume of cryptocurrency exchanges in July reached $1.71 trillion, a 55% increase compared to the previous month ($1.1 trillion). This is the highest annual level since February's $1.77 trillion. Analysts suggest that the price increases of cryptocurrencies like BTC and ETH contributed to the trading volume growth. In terms of exchanges, Binance maintained its top position with $68.341 billion in trading volume, followed by Bitget in second place with $12.605 billion, Bybit in third place with $12.23 billion, and Upbit in fourth place with $11.021 billion.