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WebsCrypto—Business—Data: Trading Volumes on Both CEXs and DEXs Fell in August
Business

Data: Trading Volumes on Both CEXs and DEXs Fell in August

By WebsCryptoSeptember 4, 20221 Min Read
Data: Trading Volumes on Both CEXs and DEXs Fell in August
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Trading volumes on both centralized and decentralized exchanges (DEXs) declined in August compared to the previous month. Transaction volume in August reached $630.3 billion. That figure was down slightly from $632.7 billion in July.

Binance remains the leading centralized exchange in terms of market share (69.5%), followed by Coinbase (9.3%) and FTX (7.8%).

With $53.9 billion in volume on decentralized exchanges in August, Uniswap continues to maintain its market dominance.

It was down 3.6% month-on-month. The Lars Hoffmann report said that the share of trading volume on both decentralized and centralized exchanges declined in August to 8.6 percent.

Related:  Binance USD Market Cap Drops Below $10B Amidst Regulatory Concerns
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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