Binance Grabs 45.8% Share as Crypto Spot Trading Volume Falls 21.7%

Crypto spot trading volume plummeted by 21.7% in July, with all 14 major exchanges reporting declines.

Binance absorbed nearly half of the total volume at $196.5 billion, accounting for a 45.8% share.

The top three exchanges, Binance, OKX, and Bybit, captured 64.0% of the combined spot volume, while Uniswap reported a relatively mild retracement of just 9.8% compared to its June volume.

Bitfinex experienced an extraordinary decline of 59.7%, followed by Coinbase's 26.4% drop and Bybit's 24.5% slide.