In July, the combined spot and derivatives trading volume on centralised exchanges rose 19.0% to $4.94tn, recording the first increase in four months.

Key Takeaways

• Spot trading volume on Bybit rose 22.9% to $132bn in July, recording the third-highest monthly volume for the exchange on record.
• Derivatives trading volume on the CME exchange rose 23.7% to $130bn, recording the second-highest monthly volume of the year.
  
• On August 5th, the uptick in volatility naturally resulted in a surge in trading activity with centralised exchanges recording the second highest daily spot trading volume since May 2021, following the aftermath of China banning Bitcoin mining.