Cryptocurrency CEX and DEX Trading Volumes Hit New Highs Since January

BlockBeats News, September 3rd, according to The Block data, the total spot trading volume of cryptocurrency exchanges in August reached $1.86 trillion, a 5% increase from July's $1.77 trillion, making it the most active trading month since January.

Binance continues to hold the largest market share, with its spot trading volume rising from $706.1 billion in July to $737.1 billion, reaching a peak not seen since January ($801.1 billion).

Furthermore, decentralized exchanges saw their trading volume surge to $368.8 billion in August, also hitting a new high since January. Uniswap led the pack with $143 billion, followed closely by PancakeSwap with $58.7 billion.