The crypto exchange volume experienced a major recovery in July, while traffic has returned to levels not seen since February. Overall, the centralized markets experienced 1.7 T $ in volumes in the last month, marked by the active BTC and ETH trading and the beginnings of an Altcoin market.
Centralized crypto exchanges carried a total of $ 1.77 t in volumes for July, recovering at levels not seen since February. The activity of the market culminated around July 24, near the time of some of the greatest rallies for BTC and ETH. As for previous months, the overall activity of the CEX depended mainly on feeling, benefiting from the increased performance of most of the assets.
The market also responded to potential Altcoin recoveryIncreasing XRP volumes and other previously forgotten assets. During advanced, Dex and Cex negotiation times pulled on all cylinders. Since the end of July, the share of Dexs fell to 23.5% while the assets have dropped from their peak.
Centralized exchanges obtained a boost after an active month for Stablecoins. The tokens denominated in dollars were mainly used in centralized trading pairs, followed by their usefulness on Dex.
Exchanges were a key place to buy a BTC spot. In July, market operators have always recorded peak outings, the reserves going to multi -year levels. Punctual exchanges contained only 934K BTC, while the derivative markets held 1.43 m.
The request for parts came from a mixture of purchase of FNB and additional cash expansion, in addition to the accumulation of whales. On BinanceHowever, the deposits increased the reserves of 538K BTC to more 562K.
Binance leads the pack with more than $ 700 billion in July
Binance remained the leader in the centralized exchange activity, with $ 706 billion in total monthly activity. During the year to date, Binance saw its greatest activity in January, because the market was still motivated by the momentum of the price records in December. The scholarship reached a peak of more than $ 146 billion in negotiation volumes on July 18.
The exchange also obtained a boost from the series of recordings of the BNB token. The assets culminated at $ 858.34, increasing volumes and commercial demand. The exchange maintained its position following a successful Q2, as indicated above by Cryptopolita.
Despite the influx of volumes, drawn by whales and derived trade, the Binance.com The site took a step back. The site fell By six positions in the finance category, ranking 30th in the world, while losing 64 positions in its global classification.
The exchange also gained more than 14% of its traffic from India, followed by 7.7% of the United States. During the last month, traffic-based traffic has decreased the most, while merchants moved to other platforms.
Ethereum led the expansion of the crypto exchange volume on the Binance
Despite this, binance remains a basic food for cryptographic activity, because it links its centralized and decentralized exchange. The exchange has exploited the stellar performance of the month, but the markets have still not reached the maximum exuberance levels.
Binance derived trading has been among the main factors in exchange performance. In July, an open interest in the scholarship increased from $ 28 billion to more than $ 36 billion.
For this period, the perpetual future of ETH have had the biggest part, even exceeding BTC.
The ETH / USDT market pair represented more than 25% of all derivatives tradesWith around 19.5% for BTC. The USDT was the key to the Crypto token derived, with more than 79% of total volumes.
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