Total crypto exchange volume hits $1.7 trillion in July, highest since February
Crypto exchange volume amounted to $1.71 trillion in July, marking the highest volume since February.The Block's data dashboard shows that the July exchange volume rose 55% from $1.1 trillion in June, nearing February's $1.77 trillion.Specifically, Binance maintained the largest market share in July with $683.41 billion in trading volume, up from $436.24 billion in June and marking its highest level since January's $801.1 billion. Bitget followed with $126.05 billion in July, trailed by Bybit at $122.3 billion and Upbit at $110.21 billion. The surge in July's exchange trading volume coincided with a broader crypto market rally. Bitcoin posted its highest monthly close in history at $115,644, gaining 7.5% from around $107,000 at the start of the month, according to The Block's price page. Ether saw an even sharper rise, jumping 49.5% over the same period.Meanwhile, decentralized exchange volume reached $435.3 billion in July, the highest level since January, according to The Block's data dashboard. PancakeSwap led the pack with $188.6 billion in volume.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.