The Block: Trading volumes on cryptocurrency exchanges decreased in August

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According to The Block, the volume of trading on cryptocurrency exchanges decreased slightly in August. At the same time, the indicator fell both on centralized and decentralized sites.

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The drop in trading volume was insignificant – if in August transactions worth $630.3 billion were made on centralized exchanges (CEX), then in July the figure was $632.7 billion. 3.6% less than in July. The ratio of the volume of transactions on CEX and DEX has slightly decreased and now transactions are made on decentralized exchanges by 8.6% of the trading volume on centralized platforms.


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Binance remains the leader among centralized exchanges – 69.5% of the total trading volume takes place on this platform. In second place is the Coinbase exchange with a score of 9.3%, and FTX closes the top three (7.8%). Decentralized exchanges also have a clear leader with over $40 billion worth of trades on the Uniswap platform. Trading through the Curve and 0x protocols is also popular.

A recent study by Forbes found that the total trading volume on cryptocurrency exchanges is 51% fake.

Source: Bits

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