Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Crypto.com Dominates USD-Backed Exchange Volume with $193 Billion in August
ADOPTION NEWS

Crypto.com Dominates USD-Backed Exchange Volume with $193 Billion in August

By Crypto FlexsSeptember 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto.com Dominates USD-Backed Exchange Volume with 3 Billion in August
Share
Facebook Twitter LinkedIn Pinterest Email
Exchange • September 4, 2024 2:31 PM EDT

Posted 1 minute earlier ~ in

August was the second highest month for USD-backed trading volume in 2024. With a whopping $193 billion in trading volume, the market sent a clear signal that demand for cryptocurrencies is not slowing down.

This volume surge is the second largest ever, following $276 billion in March, suggesting we are witnessing the early stages of a volume recovery.

Crypto.com in particular has emerged as a major winner in this rally, surpassing Coinbase in terms of trading volume and market share. The exchange now commands an impressive 49% of the USD-backed exchange trading volume market share, setting a new personal record in the process.

While there were no major catalysts like ETFs this month, the growing intersection of crypto and politics may be playing a role. With the U.S. presidential election approaching, candidates like former President Trump are stepping up their efforts to attract crypto voters, potentially leading to increased interest and activity.

The surge in trading volume has a significant impact on the cryptocurrency ecosystem.

  • Market confidence: High volume is a sign of strong market confidence, meaning that traders are still actively participating despite recent price volatility.
  • Exchange dynamics: The emergence of Crypto.com is changing the exchange landscape, signaling changing trader preferences and potentially the emergence of new competitive strategies.
  • Regulatory attention: As trading volumes surge and cryptocurrencies become a political topic, regulatory scrutiny could increase in the coming months.
  • Bull Run Indicator: Historically, sustained high volumes have often preceded or accompanied bull markets. Are we seeing early signs of the next major cryptocurrency rally?

As we enter the final quarter of 2024, all eyes will be on whether this surge in volume can be maintained or surpassed. With political attention on cryptocurrencies growing and market dynamics changing, an exciting and potentially volatile year-end is in the cards.

This is an excerpt from The Block’s Data & Insights newsletter, where we dig into the numbers that make up the industry’s most thought-provoking trends.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025

It flashes again in July

July 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Crypto MEV Bot (Cryptomevbot.com) Launches Crypto Trading Bot For Individual And Enterprise Traders

July 23, 2025

Ether Leeum price rises

July 23, 2025

How to Start with Web3 and Crypto -Dew Prehtation

July 23, 2025

Use XRP To Mine BTC And DOGE? CryptoMiningFirm Launches New Cross-chain Cloud Mining Contract To Help Global Users Earn $8,150 A Day

July 23, 2025

MultiBank.io Partners With Fireblocks And Mavryk To Launch $10B Real Estate Tokenization Platform

July 23, 2025

Cango Inc. Announces Completion Of Secondary Acquisition And Appointment Of New Leadership Team

July 23, 2025

RWA And DEXs Thrive Despite Cooling Market Activity

July 23, 2025

Bybit And Cactus Custody Announce Strategic Partnership With Cactus Oasis Integration

July 23, 2025

21Shares submitted ETFs and on major exchange lists ondo price rallies

July 23, 2025

Ethereum Based Meme Coin PEPETO Raises Above $5.5M In Presale

July 22, 2025

MultiBank Group’s $MBG Token TGE Is Live On MexC, Gate.io, Uniswap And Multibank.io.

July 22, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Crypto MEV Bot (Cryptomevbot.com) Launches Crypto Trading Bot For Individual And Enterprise Traders

July 23, 2025

Ether Leeum price rises

July 23, 2025

How to Start with Web3 and Crypto -Dew Prehtation

July 23, 2025
Most Popular

BitMEX Launches Quarterly Futures Contracts for Q1 2025

December 10, 2024

Will using AI like ChatGPT make me stupid? Scientists’ Opinions

May 8, 2024

Tom Brady’s NFT sells for $40,000 ahead of Super Bowl release promoted by Joe Montana and John Elway.

February 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.