Crypto exchange trading volume tops $1.8T in August
Spot trading volume on crypto exchanges reached $1.86 trillion in August, a 5% increase from July and the strongest level since January 2025.
Binance remained the largest platform with $737.1 billion in August trading volume, up from $706.1 billion the month before. This was its best result since January, when it posted $801.1 billion. Bybit ranked second with $126.5 billion, narrowly edging out Bitget at $126.1 billion.
Analysts link the surge to rising investor interest in Ethereum. U.S. spot Ethereum ETFs recorded $3.87 billion in inflows during the month, while Bitcoin ETFs saw $751 million in outflows.
Trading activity peaked in November 2024 and January 2025, before slowing in the spring. August marked a rebound, bringing volumes closer to late 2024 levels.
Monthly crypto exchange trading volumes. Source: theblock.co
The decentralized exchange sector also saw growth. August DEX volume hit $368.8 billion, the highest since January. Uniswap led with $143 billion, followed by PancakeSwap ($58.7 billion) and THORChain.
Analysts link the surge to rising investor interest in Ethereum. U.S. spot Ethereum ETFs recorded $3.87 billion in inflows during the month, while Bitcoin ETFs saw $751 million in outflows.
Trading activity peaked in November 2024 and January 2025, before slowing in the spring. August marked a rebound, bringing volumes closer to late 2024 levels.
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