Crypto Trading Volume Hits Five-Month High in July as Binance Leads the Surge

Cryptocurrency exchanges experienced a remarkable surge in trading activity during July, with total volume reaching $1.71 trillion across all platforms. This represents the strongest monthly performance since February and demonstrates renewed investor interest in digital assets.

The impressive growth becomes even more apparent when compared to the previous month, as July’s trading volume jumped 55% from June’s $1.1 trillion figure. The $1.71 trillion total nearly matches February’s peak of $1.77 trillion, signaling a potential return to earlier market conditions.

Binance Dominates Exchange Rankings

Binance secured its position as the leading cryptocurrency exchange by volume, processing $683.41 billion in trades throughout July. This marked the platform’s strongest performance since January when it recorded $801.1 billion in trading activity.

Another interesting chart from @TheBlock__

Crypto exchange volume rose to $1.7 trillion in July, up from $1.1 trillion the previous month and the highest since February at $1.77 trillion.

Binance maintained the largest market share in July with $683 billion in volume. pic.twitter.com/08mDPE2uoR

— LondonCryptoClub (@LDNCryptoClub) August 1, 2025

Other major exchanges also posted solid numbers during the month. Bitget captured second place with $126.05 billion in volume, while Bybit closely followed at $122.3 billion. Upbit rounded out the top four with $110.21 billion in trades processed.

Crypto Prices Drive Market Activity

The volume surge aligned with significant price movements across major cryptocurrencies. Bitcoin closed July at $115,644, marking its highest monthly close on record while gaining approximately 7.5% during the period.

Ethereum delivered even stronger returns, climbing 49.5% throughout July. This substantial price appreciation likely contributed to the increased trading activity as investors sought to capitalize on market momentum.

Decentralized exchanges also benefited from the heightened market activity, generating $435.3 billion in volume during July. This figure represents the highest DEX trading volume since January, with PancakeSwap leading the sector at $188.6 billion.

Market Sentiment Analysis

The substantial increase in trading volume alongside record-breaking price levels suggests strengthening market confidence among cryptocurrency investors. This combination of higher volumes and price appreciation typically indicates sustained institutional and retail interest in digital assets.