Crypto trading volumes for August saw the biggest month-over-month increase since early 2018

Cryptocurrency trading volumes for August saw the biggest month-over-month increase — some 75% — since February 2018, according to The Block’s volume index. 

Source: CryptoCompare, The Block Research

August’s volume clocked in at $191.2 billion compared to $109.3 billion in July, according to the August 2020 report by The Block Research. August’s spot exchange volume was the third-highest monthly volume since 2017, per the report. 

Binance had the largest market share, amounting to roughly 65% of the total traded volume in August, followed by Coinbase (11.2%), Kraken (4.8%), and LMAX Digital (4.8%), among others. 

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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