In July, global cryptocurrency exchange trading volumes surged to $1.823 trillion, marking the highest level since February. Data from Newhedge indicates a significant rise in trading volume from $1.15 trillion in June, reflecting a 55% increase by the end of the month. This resurgence nearly approached the February high of $1.827 trillion, indicating a renewed momentum in the market. During the same period, Bitcoin (BTC) 
$91,081 saw a 7.5% increase, closing the month at $115,644, while Ethereum (ETH) 
$3,094 exhibited an impressive monthly gain of 49.5%.
Spot Exchange Volume Hits Five-Month Peak
July witnessed an impressive $600 billion increase in trading volume from the 1.158 trillion-dollar level at the end of June. This surge was primarily driven by the accelerated price rally throughout the month. The primary contributors to this renewed interest among traders were Bitcoin’s movement from $107,000 to a closing price of $115,644, alongside Ethereum’s nearly 50% increase in value. Consequently, global spot exchange volume exceeded that of any month in 2025, apart from February, reaching a new pinnacle.
The total trading activity in the cryptocurrency market at $1.823 trillion indicates a revitalization of activity. This represents the second largest increase of the year, highlighting how exchanges have transitioned from relative quiet periods earlier in the year to developing a robust volume base.
Binance Leads in CEX, PancakeSwap Tops DEX
Within centralized exchanges (CEXs), Binance held the largest share of July’s volume with $759 billion. This level was the highest for the exchange since its $801.1 billion record in January. Bitget followed closely with $126.05 billion, while Bybit and Upbit secured third and fourth places with $122.3 billion and $110.21 billion respectively.
Decentralized exchange (DEX) volumes also participated in the upward trend. Reaching a total volume of $435.3 billion, this marked the peak since January, with PancakeSwap reinforcing its leading position with $188.6 billion. Consequently, both centralized and decentralized exchanges contributed to making July one of the most dynamic months of the year.
