The volumes of trading of cryptocurrencies at the largest centralized trading floors in July exceeded $ 1.71 trillion. This is the maximum indicator since February, when the volume of bidding amounted to $ 1.77 trillion, the experts of The Block reported.

Compared to June ($ 1.1 trillion), the volumes of trading cryptocurrency at the largest sites increased by 55%. As before, the leading position was retained by the largest crypto -streak of the world of Binance.

The volume of trading on the exchange increased from $ 436.24 billion in June to $ 683.41 billion in July, which has become the best result from the beginning of the year. Binance is followed by Bitget exchanges ($ 126.05 billion), Bybit ($ 122.3 billion) and Upbit ($ 110.21 billion), respectively.

Monthly volumes of transactions with digital assets at decentralized sites reached the maximum value since January, amounting to $ 435.3 billion. The exchanger took the first line Pancakeswap With the volume of $ 188.6 billion. During July, the site worked twice as successful than the closest competitor, the Uniswap exchanger ($ 94 billion).

Pancakeswap also took leading positions in the volume of commission fees, having received more than $ 430 million thanks to the automated market maker and income farm, writes The Block.

Earlier, The Block experts said that the total market capitalization of public companies with their own cryptocurrency reserves increased to $ 160 billion at the end of July. At the beginning of 2024, capitalization reached only $ 90 billion, experts noted.