Trading Volume on Exchanges Plunges in July, Coinpaprika.com Shows Exchange fire people while some hireing also
Trading Volume on Exchanges Plunges in July, Coinpaprika.com Shows · New report showed that exchanges trading volume dropped by roughly 2% in July. · Exchanges derivative trading volume dropped by 5% too. · The crypto industry just recorded one of its most bearish seasons too. The decline in trading volume came mostly from LBank which saw an over 50% decline, Huobi by 31.3%, and Gate by 31.2%. Others like KuCoin Crypto.com, and Bitfinex saw their volume drop by 25% respectively too. On the other hand, some exchanges saw a massive increase in their spot trading volume in July. The likes of Binance US saw a 76.7% increase in their trading volume, OKX by 30%, and Phemex by 227.4%. Other exchanges whose numbers rose include Bitmart with 18% and Binance with 9.3%. Uniswap saw its own trading volume decline also. Meanwhile, CoinShares also reported that daily trading volume for the last week of July was $1.3 billion, which is far below the average of $2