Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-exchanges-experience-decline-in-july-trading-volume-and-web-traffic/" data-wpel-link="internal">Crypto Exchanges Experience Decline in July Trading Volume and Web Traffic</a> 
According to <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> compiled by Wublockchain for July, there were noticeable changes in trading volume and website traffic for crypto exchanges. While there was a general decline in both spot trading volume and derivatives trading volume, some exchanges recorded positive growth during this period. 
<h2 style="text-align: justify" id="strong-spot-trading-volume-dropped-by-9-compared-to-june-strong">Spot Trading Volume Dropped by 9% Compared to June</h2> 
In July, the spot trading volume on major exchanges decreased by 9% compared to the previous month. The three exchanges that recorded the highest increases were Crypto.com (59%), Upbit (26%), and Gate (21%), while the exchanges that experienced the largest declines were Binance (-21%), Bitget (-18%), and OKX (-16%). This general decline in spot trading volume is attributed to reduced market volatility and <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> adopting a wait-and-see approach. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-378994" src="https://coin-turk.com/wp-content/uploads/2024/08/Kripto-Para-Borsalari-Spot-Hacim.png" alt="" width="1040" height="851"> 
Derivatives trading volume also decreased by 4% in July compared to the previous month. Crypto.com stood out in this area with a 56% increase, while Bybit saw a 3.4% increase and KuCoin a 0.4% increase. On the other hand, the exchanges that experienced the largest declines were Mexc (-14%), Binance (-10%), and HTX (-8%). The decline in derivatives trading is explained by investors’ tendency to avoid risk. 
<h2 style="text-align: justify" id="strong-web-traffic-of-major-exchanges-also-dropped-by-18-strong">Web Traffic of Major Exchanges Also Dropped by 18%</h2> 
During the same period, the web traffic of major exchanges also decreased by 18%. This decline indicates that interest in the <a href="https://en.coin-turk.com/floki-controversy-tokenfi-listing-raises-concerns-among-investors/" data-wpel-link="internal">crypto market</a> temporarily waned, and investors are waiting for more favorable conditions to re-enter the market. 
In this area, Gate was the only exchange to increase its traffic by 15%, while HTX and Coinbase experienced slight declines of 6% and 7%, respectively. Exchanges like OKX (-43%), Mexc (-39%), and Bitget (-29%) saw significant losses in their traffic. 
July was generally recorded as a stagnant period for crypto exchanges. The decline in both trading volumes and web traffic indicates a period where market participants are in a wait-and-see mode. Nevertheless, the positive performance of some exchanges during this period shows that opportunities in the crypto market are being closely monitored. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-exchanges-experience-decline-in-july-trading-volume-and-web-traffic/" data-wpel-link="internal">Crypto Exchanges Experience Decline in July Trading Volume and Web Traffic</a></h5>
The post <a href="https://en.coin-turk.com/crypto-exchanges-experience-decline-in-july-trading-volume-and-web-traffic/" data-wpel-link="internal">Crypto Exchanges Experience Decline in July Trading Volume and Web Traffic</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Crypto Exchanges Experience Decline in July Trading Volume and Web Traffic

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