Spot trading volume on centralized exchanges slumped to $807B in July, marking the lowest level since mid-2024.
Centralized cryptocurrency exchanges recorded their lowest spot trading volume in two years during July, with total activity dropping to $807 billion. The figure represents a 31% month-over-month decline from June’s $1.17 trillion and falls below the previous lows set in April and May.
The downturn reflects broader market lethargy, with trading activity stagnating amid subdued volatility and investor caution. Prior months had shown modest rebounds, but July’s print underscores persistent weakness in crypto liquidity.
No immediate market reaction was reported, though the trend may signal reduced risk appetite among traders.