Crypto Exchange Volume Reaches $1.86 Trillion in August

In August, the monthly spot volume of crypto exchanges reached an impressive $1.86 trillion, marking the highest level since January. The Block's data dashboard indicates that this volume reflects a 5% increase from July's $1.77 trillion, highlighting robust trading activity. Binance dominated the market in August, achieving a spot trading volume of $737.1 billion, up from $706.1 billion in July, although it remains below January's peak of $801.1 billion. Following Binance, Bybit recorded a trading volume of $126.5 billion, narrowly surpassing Bitget’s $126.1 billion. The rise in trading volume for August coincided with a shift in investor interests, particularly towards Ethereum. U.S. spot Ethereum exchange-traded funds (ETFs) saw a remarkable $3.87 billion in inflows, in sharp contrast to Bitcoin ETFs, which experienced outflows of $751.1 million, according to SoSoValue data. Additionally, decentralized exchanges also witnessed significant trading volumes, totaling $368.8 billion in August, the highest since January. Uniswap led this category with $143 billion, followed closely by PancakeSwap at $58.7 billion. Disclaimer: The Block is an independent media outlet providing news and data. As of November 2023, Foresight Ventures holds a majority stake in The Block. Foresight Ventures invests in various crypto companies, including Bitget. The Block operates independently to deliver timely and impartial information about the crypto industry. Current financial disclosures are available. © 2025 The Block. All Rights Reserved. This article is for informational purposes only and is not intended as legal, tax, investment, financial, or other advice.