Centralized Exchanges' Trading Volume in August: $1.2 Trillion, Binance Maintains Dominance
CryptoNewsTerminal Staff02 Sep, 2024
Centralized Exchanges' Trading Volume in August: $1.2 Trillion, Binance Maintains Dominance
Centralized exchanges (CEXs) experienced a surge in trading volume in August, reaching $1.2 trillion, representing a 6.6% increase from July, according to a report by The Block. Binance maintained its position as the leading exchange with a trading volume of $448.45 billion in August. Coinbase, a US-based exchange, also witnessed an increase in trading volume. The highest monthly trading volume for centralized exchanges this year was recorded in March, amounting to $2.48 trillion. Despite fluctuations, CEXs continue to play a significant role in the cryptocurrency market, providing a platform for traders to buy, sell, and exchange digital assets.
