July CEX spot and derivative trading volume decreased by 12% to 2.36 trillion USD.

Odaily News - CCData releases the latest exchange report. In July, the total trading volume of spot and derivatives on centralized exchanges (CEX) decreased by 12.0% to $2.36 trillion, the lowest monthly trading volume this year.

- Binance is the largest spot trading platform, with a trading volume of $208 billion.

- In July, Upbit's spot trading volume increased by 42.3% to $29.8 billion. Upbit is the second-ranked exchange in terms of trading volume.

According to previous reports, CCData data shows that the trading volume of CME's cryptocurrency options increased by 24% in July, reaching $940 million, the first increase in four months. The trading volume of Bitcoin options increased by 16.6% to $734 million. The trading volume of Ethereum options increased by 60% to $207 million.

In addition, according to CCData data, CME's futures trading volume decreased by 17.6% to $39.1 billion, while the total trading volume of derivatives (futures and options) decreased by 17.0% to $40.1 billion.

The CCData report indicates that the increase in CME's Bitcoin options trading volume suggests that institutions may hedge positions using options due to ongoing market uncertainty.