August Has Been The Month of Cryptocurrency Exchanges

August has been the month of cryptocurrency exchanges. The volume of exchanges reached $1.07 trillion in August.

Cryptocurrency exchanges reached $1.07 trillion in volume in August. Spot exchanges have been below $1 trillion since June when volumes were $958.3 billion. To recall, according to the data obtained, crypto exchanges reached a volume of $ 2.27 trillion in May, recording the highest level in their history. Stock markets, which reached a volume of 651.2 billion dollars in July, managed to rise above a trillion dollars again with the increase in August. In terms of volume, Binance once again held the majority of the market with 70.1%. Coinbase followed with 9%, followed by FTX with 5.7%. When the stock markets where fiat currencies are traded are analyzed, a volume of 429 billion dollars in August attracted attention. This reveals that the volume reached almost 50 percent more than the volume reached in July. Among the exchanges traded with fiat currencies, Coinbase seems to be the leader with a volume of $ 96 billion.