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

Exchanges • September 12, 2020, 10:09AM EDT
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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.