Crypto Equity Perpetual Market Explodes to $250B in July

The crypto equity perpetual market has experienced explosive growth in just three months, with total volume reaching $250 billion in July. This represents a remarkable seventeenfold increase from April's $15 billion, according to analytics firm CryptoQuant.

Binance remained the largest exchange in the market, accounting for 76% of the total equity perpetual futures volume in July, with over $193 billion in trading activity. Bitfer, Bybit, and Gate followed at a considerable distance.

Gate was identified as the fastest-growing venue during the month, seeing its equity perpetual futures volume increase by approximately 308% from June. This growth follows consecutive monthly increases since May for Gate.