Binance Maintains Dominance as Crypto Trading Volume Hits Lowest Level Since October 2023

Cryptocurrency trading volume plummeted in July to its lowest level since October 2023, according to RBC.

The total figure fell below $500 billion for the first time this year, with a decline of 21% from June's levels.

January saw the highest trading volumes at $820 billion, but activity began to dwindle afterward.

All 14 major exchanges listed in the report experienced declines in trading volume, with Bitfinex (-59.7%), Coinbase (-26.4%), and Bybit (-24.5%) seeing the sharpest drops.