August Crypto Trading Volume Test: Can It Hold?

Crypto trading volume surged in August, but September is testing whether that activity can hold. On August 21, crypto trading hit about $75 billion, the second-highest spot session since February. Binance handled $19.4 billion in spot volume, while Coinbase processed $8 billion. Perpetual futures volume reached about $336 billion on August 21, its highest daily level since March.

The latest pullback now creates a cleaner test of demand. Traders can watch whether exchange activity stays elevated without another broad price surge. Bitcoin trades near one-month lows before major policy events, including a Senate vote on the CLARITY Act and the Federal Reserve meeting.