Global crypto exchange trading volume hit $1.71 trillion in July 2025, marking the highest monthly total since February. This surge reflects renewed momentum in the digital asset market, driven by bullish price action and broader investor interest.
Binance Leads as Market Share Grows to $683 Billion
Binance remained the dominant force, processing $683.41 billion in trades for July—up nearly 57% from June’s $436.24 billion. This marked Binance’s strongest performance since January, when it recorded over $801 billion in trading activity.
Trailing Binance were other centralized exchanges:
- Bitget: $126.05 billion
- Bybit: $122.3 billion
- Upbit: $110.21 billion
“Binance’s volume growth accounted for nearly 40% of all centralized trading in July.”
Market Rally Powers Record Exchange Activity
The surge in exchange volume closely followed a sharp rise in cryptocurrency prices:
- Bitcoin (BTC) ended July at $115,644, a 7.5% monthly gain, and its highest monthly close ever.
- Ethereum (ETH) outpaced BTC with a 49.5% jump, outperforming most large-cap assets.
This renewed investor confidence significantly increased spot and derivatives trading, contributing to July’s volume explosion.
Decentralized Exchange Volume Hits $435 Billion
Decentralized exchanges (DEXs) also experienced a substantial boost, with total volume reaching $435.3 billion, the highest since January. PancakeSwap led the sector, processing $188.6 billion in trades, followed by other leading DeFi protocols.
The data highlights a growing parallel rise in both centralized and decentralized crypto trading ecosystems.
July’s Volume Signals Return of Bullish Momentum
The 55% jump in trading activity from June to July reflects resurging interest across retail and institutional segments, fueled by price breakouts, ETF developments, and increased stablecoin flows.
With trading volumes approaching February’s peak of $1.77 trillion, July 2025 has set the tone for a potentially explosive second half of the year in crypto markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.