Spot Trading Volume on Centralized Exchanges in H1 Jumps by 145%

IconCryptoNewsTerminal Staff15 Jul, 2024

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Spot Trading Volume on Centralized Exchanges in H1 Jumps by 145%

Spot trading volume on centralized exchanges (CEXs) in the first half of this year recorded $10.6 trillion, indicating a significant 145% increase compared to the second half of last year, according to a report released by the cryptocurrency specialized research firm CCData. In the midst of the bearish crypto market conditions, spot trading volume has continued to rise, with CEXs benefiting from the increased activity. Bithumb, Crypto.com, and Bybit were the exchanges with the largest market share expansion between the second half of last year and the first half of this year, respectively. The growth of these platforms can be attributed to their competitive trading fees, user-friendly interfaces, and wide range of cryptocurrencies offered.

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