{"id":16846,"date":"2024-09-10T16:27:50","date_gmt":"2024-09-10T13:27:50","guid":{"rendered":"https:\/\/forklog.com\/en\/august-sees-30-surge-in-cryptocurrency-exchange-trading-volumes\/"},"modified":"2024-09-10T16:27:50","modified_gmt":"2024-09-10T13:27:50","slug":"august-sees-30-surge-in-cryptocurrency-exchange-trading-volumes","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/august-sees-30-surge-in-cryptocurrency-exchange-trading-volumes\/","title":{"rendered":"August Sees 30% Surge in Cryptocurrency Exchange Trading Volumes"},"content":{"rendered":"<p>In August, trading volumes on major centralized exchanges rose by 30%, according to journalist Colin Wu.<\/p>\n<p><!--more--><\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"wublockchainenglish\/14535\" data-width=\"100%\"><\/script><\/p>\n<p>His observations indicate that the highest growth rates were recorded by KuCoin (171%), Crypto.com (79%), and MEXC (44%). The lowest performers were Gate (-44%), HTX (4%), and Upbit (17%).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/spot-5.webp\" alt=\"spot-5\" class=\"wp-image-240801\"\/><figcaption class=\"wp-element-caption\">Spot trading volumes in July-August among major exchanges. Data: <a href=\"https:\/\/wublock.substack.com\/p\/cex-data-in-augusttrading-volume?r=jbpop&#038;utm_campaign=post&#038;utm_medium=web&#038;triedRedirect=true\">Wu Blockchain<\/a>.<\/figcaption><\/figure>\n<p>According to The Block, the highest cumulative monthly trading volume over the past year was in March, reaching nearly $2.5 trillion.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/crypto-markets\/spot\/cryptocurrency-exchange-volume-monthly\/embed\" title=\"Cryptocurrency Monthly Exchange Volume\"><\/iframe><\/p>\n<p>In August, turnover on major cryptocurrency derivatives platforms increased by 32% compared to the previous month. MEXC (71%), Crypto.com (70%), and Deribit (47%) showed the best performance. The lowest were Bybit (26%), OKX (27%), and KuCoin (27%).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/der.webp\" alt=\"der\" class=\"wp-image-240802\"\/><figcaption class=\"wp-element-caption\">Cryptocurrency derivatives trading volumes on major exchanges. Data: <a href=\"https:\/\/wublock.substack.com\/p\/cex-data-in-augusttrading-volume?r=jbpop&#038;utm_campaign=post&#038;utm_medium=web&#038;triedRedirect=true\">Wu Blockchain<\/a>.<\/figcaption><\/figure>\n<p>Overall traffic on top exchanges increased by 4% in August. MEXC (160%), Gate (24%), and Deribit (17%) contributed the most to this figure. Among the laggards were Bybit (-12%), Bitget (-10%), and Upbit (-9%).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/traffic-1.webp\" alt=\"traffic-1\" class=\"wp-image-240803\"\/><figcaption class=\"wp-element-caption\">Traffic dynamics in July-August on leading cryptocurrency exchanges. Data: <a href=\"https:\/\/wublock.substack.com\/p\/cex-data-in-augusttrading-volume?r=jbpop&#038;utm_campaign=post&#038;utm_medium=web&#038;triedRedirect=true\">Wu Blockchain<\/a>.<\/figcaption><\/figure>\n<p>Colin Wu emphasized that he sourced information from CoinGecko and SimilarWeb, though the data may be &#8220;significantly distorted due to bot activity.&#8221;<\/p>\n<p>Earlier, CryptoQuant analysts noted a rapid influx of the stablecoin USDT to exchanges, which could positively impact the price of Bitcoin. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In August, trading volumes on major centralized exchanges rose by 30%, according to journalist Colin Wu.<\/p>\n","protected":false},"author":1,"featured_media":16845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1168,958],"class_list":["post-16846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-crypto-derivatives","tag-trading-volume"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16846"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16845"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}