Crypto Winter Takes Toll on Exchange's Trading Volume Trading Volume on Exchanges Plunges in July, Coinpaprika.com Shows
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 $2.4 billion for the year.
Derivatives Trading Drop by 5%
Additionally, derivatives trading volume across exchanges also fell by 5.2% in July. Exchanges that recorded the most decreases were Deribit with a 28.6% decline, Crypto.com saw a 25% drop, and FTX with an 11.7% decline. Others like ByBit, BitMEX, and Binance saw around a 5% decline respectively.
However, others such as Okex and Huobi saw slight increases of 5.5% and 1.9%.
Exchanges Web Traffic Decline
The decline in trading activity is further reflected in the 10% monthly decline in exchange website traffic last month.
The web traffic declines mostly affected FTX with 33.2%, Huobi dropped by 23.3%, and OKX with 21.7%. Others like Bitfinex, UpBit, Gate, Kraken, and Coinbase lost over 15% of their traffic too.
Few exchanges managed to increase their web traffic during the month. The top gainers include MEXC which saw a 27.7% increase, Bitget’s traffic rose 14.3% and Bitmart by 15.4%.
Wu noted that the data might not be completely accurate due to the likelihood of click farming and bots.
Name | Volume 24h | Volume 7d | Volume 30d | Coins | Markets | |
---|---|---|---|---|---|---|
1 | ||||||
Binance | $12,935,287,731 | $98,137,083,397 | $433,048,192,950 | |||
322 | 1,284 | |||||
2 | ||||||
Coinbase | ||||||
$1,710,567,460 | $13,239,430,764 | $51,861,682,370 | 115 | 286 | ||
3 | ||||||
HitBTC | ||||||
$1,682,158,550 | $12,666,527,124 | $58,823,638,229 | 425 | 973 | ||
4 | ||||||
XT | ||||||
$3,314,474,602 | $21,308,834,511 | $78,567,742,166 | 193 | 209 | ||
5 | ||||||
DigiFinex | ||||||
$1,429,287,643 | $11,394,348,358 | $49,205,574,115 | 125 | 170 | ||
6 | ||||||
OKX | ||||||
$1,163,884,355 | $9,091,296,038 | $44,072,559,416 | 168 | 349 | ||
7 | ||||||
FTX (Spot) | ||||||
$1,631,598,213 | $11,754,386,796 | $50,228,148,920 | 106 | 160 | ||
8 | ||||||
Bkex | ||||||
$922,558,834 | $6,898,150,970 | $26,556,929,062 | 342 | 363 | ||
9 | ||||||
Bequant | ||||||
$592,044,394 | $4,851,646,143 | $23,614,344,320 | 21 | 75 | ||
10 | ||||||
WhiteBIT | ||||||
$758,620,241 | $6,798,945,328 | $25,487,572,709 | 48 | 92 | ||
11 | ||||||
Kraken | ||||||
$449,199,813 | $3,581,973,888 | $14,895,824,414 | 96 | 375 | ||
12 | ||||||
BitMart | ||||||
$949,797,755 | $8,702,828,410 | $49,871,131,850 | 271 | 318 | ||
13 | ||||||
Kucoin | ||||||
$648,825,158 | $5,102,385,530 | $24,543,646,696 | 384 | 728 | ||
14 | ||||||
P2PB2B | ||||||
$1,039,231,680 | $7,608,945,278 | $44,179,947,490 | 71 | 141 | ||
15 | ||||||
Huobi | ||||||
$491,287,280 | $4,141,745,719 | $23,918,782,714 | 361 | 698 | ||
16 | ||||||
Bitfinex | ||||||
$341,639,623 | $1,880,327,321 | $10,066,255,219 | 111 | 227 | ||
17 | ||||||
Binance US | ||||||
$327,125,377 | $2,556,745,422 | $10,843,212,104 | 53 | 126 | ||
18 | ||||||
Currency.com | ||||||
$432,428,507 | $4,083,314,070 | $19,094,726,565 | 396 | 444 | ||
19 | ||||||
Gate.io | ||||||
$595,119,049 | $5,484,107,791 | $24,629,010,785 | 759 | 1,328 | ||
20 | ||||||
Bitrue | ||||||
$1,126,404,347 | $7,517,357,567 | $35,823,259,043 | 217 | 385 | ||
21 | ||||||
Upbit | ||||||
$649,274,005 | $3,445,784,296 | $36,444,100,642 | 116 | 200 | ||
22 | ||||||
BTSE | ||||||
$423,963,526 | $2,341,681,719 | $5,992,531,167 | 8 | 24 | ||
23 | ||||||
Bibox | ||||||
$610,300,335 | $1,437,423,425 | $4,771,074,824 | 124 | 168 | ||
24 | ||||||
Dsdaq Global | ||||||
$314,041,798 | $1,293,838,046 | $5,465,832,493 | 7 | 8 | ||
25 | ||||||
PrimeXBT | ||||||
$191,201,766 | $1,330,994,078 | $6,862,177,337 | 5 | 9 | ||
26 | ||||||
Lbank | ||||||
$272,184,620 | $1,928,350,346 | $9,982,436,726 | 159 | 166 | ||
27 | ||||||
Crypto.com Exchange | ||||||
$529,291,635 | $3,689,387,713 | $12,835,323,298 | 28 | 66 | ||
28 | ||||||
BTCEX | ||||||
$384,124,011 | $4,344,938,034 | $14,778,089,714 | 22 | 21 | ||
29 | ||||||
Bitstamp | ||||||
$124,472,459 | $955,608,220 | $4,099,872,036 | 34 | 76 | ||
30 | ||||||
Bithumb | ||||||
$225,957,812 | $1,437,635,183 | $9,970,874,849 | 88 | 112 | ||
31 | ||||||
LATOKEN | ||||||
$258,363,350 | $1,981,710,963 | $7,302,154,338 | 212 | 297 | ||
32 | ||||||
BitForex | ||||||
$175,450,556 | $1,270,262,279 | $5,343,823,934 | 129 | 157 | ||
33 | ||||||
Indoex | ||||||
$1,432,753,716 | $11,538,985,680 | $46,460,322,492 | 33 | 100 | ||
34 | ||||||
Pionex | ||||||
$264,843,572 | $1,781,804,745 | $10,546,939,377 | 35 | 56 | ||
35 | ||||||
Dexzbitz | ||||||
$135,406,440 | $938,594,596 | $4,059,492,356 | 72 | 86 | ||
36 | ||||||
Coinsbit | ||||||
$1,300,165,862 | $9,155,926,025 | $45,808,948,751 | 42 | 59 | ||
37 | ||||||
Gemini | ||||||
$61,187,301 | $508,297,079 | $2,243,009,854 | 48 | 74 | ||
38 | ||||||
Bitvavo | ||||||
$60,095,552 | $525,239,699 | $2,608,710,762 | 143 | 144 | ||
39 | ||||||
coincheck | ||||||
$58,000,513 | $385,387,128 | $1,906,163,834 | 1 | 1 | ||
40 | ||||||
Coinone | ||||||
$92,864,021 | $656,388,988 | $3,241,612,817 | 86 | 86 | ||
41 | ||||||
ZB.COM | ||||||
$305,866,847 | $1,596,839,409 | $12,517,889,437 | 57 | 86 | ||
42 | ||||||
Bitvast | ||||||
$59,892,084 | $459,483,867 | $1,858,523,966 | 9 | 12 | ||
43 | ||||||
bitFlyer | ||||||
$76,566,280 | $541,921,499 | $2,754,564,649 | 3 | 6 | ||
44 | ||||||
OKCoin | ||||||
$58,614,290 | $394,477,849 | $1,767,423,699 | 19 | 27 | ||
45 | ||||||
AscendEX (BitMax) | ||||||
$71,254,228 | $522,897,039 | $2,325,602,766 | 126 | 151 | ||
46 | ||||||
Dex-Trade | ||||||
$138,263,014 | $1,044,251,723 | $4,160,933,871 | 83 | 137 | ||
47 | ||||||
CoinMargin | ||||||
$57,341,230 | $401,475,609 | $1,776,423,978 | 9 | 22 | ||
48 | ||||||
Tidex | ||||||
$90,302,155 | $704,385,588 | $3,262,971,367 | 14 | 31 | ||
49 | ||||||
CoinTiger | ||||||
$479,167,803 | $3,434,804,666 | $14,782,875,205 | 224 | 256 | ||
50 | ||||||
Exmo | ||||||
$54,076,881 | $388,850,493 | $1,742,384,963 | 35 | 128 | ||
51 | ||||||
BTCTurk | ||||||
$50,704,169 | $327,317,079 | $1,474,490,195 | 8 | 19 | ||
52 | ||||||
BTC6X Exchange | ||||||
$114,634,495 | $802,885,405 | $1,653,740,017 | 29 | 56 | ||
53 | ||||||
Alterdice | ||||||
$45,120,874 | $302,002,039 | $1,233,440,623 | 20 | 34 | ||
54 | ||||||
Liquid | ||||||
$40,368,828 | $226,171,472 | $1,272,691,904 | 53 | 123 | ||
55 | ||||||
BETCONIX | ||||||
$42,211,021 | $313,194,234 | $1,206,912,677 | 22 | 73 | ||
56 | ||||||
Resfinex | ||||||
$33,339,349 | $251,208,550 | $937,131,228 | 4 | 5 | ||
57 | ||||||
Counos Exchange | ||||||
$31,822,092 | $219,822,336 | $926,074,525 | 23 | 28 | ||
58 | ||||||
Poloniex | ||||||
$29,997,523 | $218,533,785 | $730,778,237 | 120 | 201 | ||
59 | ||||||
Cryptology | ||||||
$22,995,182 | $180,192,510 | $812,654,923 | 10 | 31 | ||
60 | ||||||
Bitso | ||||||
$21,887,282 | $153,800,446 | $610,986,165 | 8 | 15 | ||
61 | ||||||
Paribu | ||||||
$59,998,120 | $397,952,214 | $1,912,791,692 | 35 | 44 | ||
62 | ||||||
MEXC | ||||||
$980,647,431 | $9,466,933,214 | $33,860,190,310 | 565 | 599 | ||
63 | ||||||
Bitinka | ||||||
$62,710,544 | $351,410,710 | $1,277,248,575 | 15 | 40 | ||
64 | ||||||
CoinEx | ||||||
$21,064,323 | $169,796,532 | $772,248,649 | 162 | 319 | ||
65 | ||||||
BigONE | ||||||
$1,343,978,169 | $9,459,587,319 | $38,952,231,461 | 41 | 53 | ||
66 | ||||||
Bittrex | ||||||
$20,242,053 | $170,711,227 | $865,980,866 | 357 | 723 | ||
67 | ||||||
Catex | ||||||
$72,757,636 | $406,596,425 | $1,948,891,565 | 48 | 85 | ||
68 | ||||||
TOKPIE | ||||||
$19,059,996 | $119,640,979 | $634,447,552 | 104 | 117 | ||
69 | ||||||
CoinField | ||||||
$16,226,747 | $114,995,053 | $461,508,657 | 22 | 79 | ||
70 | ||||||
ParamountDax | ||||||
$18,542,067 | $138,239,663 | $636,450,461 | 6 | 5 | ||
71 | ||||||
Bilaxy | ||||||
$18,003,100 | $89,762,521 | $206,333,730 | 148 | 150 | ||
72 | ||||||
Bitkub | ||||||
$25,716,450 | $214,333,828 | $1,237,033,820 | 24 | 24 | ||
73 | ||||||
Tokenize | ||||||
$14,473,841 | $76,347,357 | $391,445,312 | 14 | 32 | ||
74 | ||||||
ProBit Exchange | ||||||
$86,004,837 | $587,990,384 | $2,738,593,056 | 323 | 444 | ||
75 | ||||||
Luno | ||||||
$11,942,118 | $92,168,551 | $408,866,143 | 3 | 13 | ||
76 | ||||||
Btcix | ||||||
$12,280,619 | $105,392,260 | $385,639,634 | 20 | 43 | ||
77 | ||||||
Polyx | ||||||
$11,772,264 | $73,327,413 | $370,687,040 | 4 | 4 | ||
78 | ||||||
Garantex | ||||||
$10,538,572 | $87,019,980 | $507,919,961 | 4 | 10 | ||
79 | ||||||
KickEX | ||||||
$18,113,639 | $120,180,173 | $531,768,938 | 9 | 11 | ||
80 | ||||||
Kanga | ||||||
$9,920,886 | $63,071,735 | $264,423,506 | 38 | 59 | ||
81 | ||||||
ArthBit | ||||||
$60,627,878 | $430,826,461 | $1,750,692,583 | 6 | 5 | ||
82 | ||||||
Omgfin | ||||||
$9,002,963 | $62,129,212 | $282,348,746 | 13 | 33 | ||
83 | ||||||
CoinAmount | ||||||
$8,925,752 | $61,778,574 | $272,118,654 | 25 | 61 | ||
84 | ||||||
Independent Reserve | ||||||
$7,629,013 | $42,273,159 | $201,146,675 | 13 | 39 | ||
85 | ||||||
Indodax | ||||||
$7,791,268 | $71,205,360 | $325,460,625 | 174 | 176 | ||
86 | ||||||
Koinbazar | ||||||
$7,437,622 | $51,672,449 | $225,818,330 | 17 | 22 | ||
87 | ||||||
Coin163 | ||||||
$175,396,788 | $571,344,932 | $5,692,030,837 | 42 | 57 | ||
88 | ||||||
CEX.IO | ||||||
$5,266,055 | $51,459,561 | $213,135,409 | 113 | 234 | ||
89 | ||||||
Bitpanda Pro | ||||||
$4,781,198 | $39,982,951 | $200,261,439 | 39 | 45 | ||
90 | ||||||
ZBG | ||||||
$16,572,287,417 | $73,300,194,605 | $327,530,376,560 | 34 | 43 | ||
91 | ||||||
OceanEx | ||||||
$40,779,749 | $286,642,038 | $1,242,094,576 | 30 | 56 | ||
92 | ||||||
Covesting | ||||||
$63,837,972 | $446,807,145 | $1,922,888,233 | 13 | 17 | ||
93 | ||||||
Cryptonex | ||||||
$4,544,023 | $35,410,964 | $160,283,512 | 3 | 16 | ||
94 | ||||||
Korbit | ||||||
$3,444,533 | $38,906,788 | $173,987,645 | 12 | 12 | ||
95 | ||||||
BTC Markets | ||||||
$3,027,429 | $27,762,335 | $119,310,708 | 14 | 17 | ||
96 | ||||||
BitPreƧo | ||||||
$4,680,137 | $31,102,307 | $130,582,307 | 3 | 3 | ||
97 | ||||||
BitoPro | ||||||
$3,023,188 | $24,449,209 | $141,034,477 | 12 | 22 | ||
98 | ||||||
BitGlobal | ||||||
$49,461,872 | $387,018,630 | $1,993,174,523 | 143 | 183 | ||
99 | ||||||
Tarmex | ||||||
$2,782,238 | $19,642,958 | $88,818,082 | 18 | 29 | ||
100 | ||||||
Bithumb Global | ||||||
$77,375,936 | $630,478,404 | $5,422,309,481 | 137 | 175 |
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