Trading volume on Bitcoin exchanges rose 75% in August

Trading volumes on spot crypto exchanges rose 75% in August. This was the highest growth rate since February 2018, according to The Block.

Last month the trading volume on spot exchanges, providing reasonably reliable data, reached $191.2 billion. In July this figure stood at $109.3 billion.

Sources: CryptoCompare, The Block Research.

The largest market share is held by Binance — about 65% of total trading volume. Followed by Coinbase (11.2%), Kraken and LMAX Digital — 4.8% each, Bitfinex (3.3%) and Bitstamp (2.8%).

Sources: CryptoCompare, The Block Research.

Web traffic

Web traffic on crypto exchanges rose by 30.5% in August.

Sources: SimilarWeb, The Block Research.

According to SimilarWeb, spot and derivative crypto exchanges recorded 144.3 million visits in the past month. This is the highest in 14 months.

Binance is the leader in visits; in August there were 33.8 million visits. Coinbase (30.7 million) and BitMEX (6.9 million) follow.

Binance, Coinbase and BitMEX account for 49% of total crypto exchange web traffic. Sources: SimilarWeb, The Block Research.

Earlier ForkLog reported that the trading volume of the non-custodial Uniswap platform exceeded Coinbase’s figure.

Subscribe to ForkLog’s channel on YouTube!