CryptoCompare’s July Report Shows Surging Exchange Volumes
CryptoCompare has released its July exchange review. The review aims “to capture key developments within the cryptocurrency exchange market”. As a leading crypto data aggregator, CryptoCompare’s review analyzes exchange volumes, including crypto derivatives trading, market segmentation by exchange fee models, and crypto to crypto vs. fiat to crypto volumes. The latest report shows that in July, top-tier exchange volumes increased 42.1% to $334 billion, while lower-tier volumes decreased 38.1% to $224 billion. In other words, the top-tier exchanges now account for over 60% of the total spot volume. Learn more