Centralized exchanges saw a boost in spot and derivatives volumes for the second month. Crypto.com was the largest gainer in terms of spot market share in August. US investors are becoming risk averse, as evidenced by declining CME trading volume in August. Meanwhile, the CME experienced a decline in derivatives trading volumes, particularly in its ETH options and futures volume.
Crypto.com saw the highest gain in market share alongside an increase in its trading activity. Its spot trading volume increased over 38% to $95.6 billion, its highest since 2022. Concurrently, its derivatives volume also reached an all-time high of $104 billion last month. Coinbase International also saw significant gains in its derivatives trading volume, rising by 106% to $58.2 billion. Meanwhile, derivatives trading volume on the Chicago Mercantile Exchange dropped 1.16% to $129 billion.
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Crypto for Advisors: Crypto Market - A Week in ReviewSarah Morton is Chief Strategy Officer and Co-founder of MeetAmi Innovations Inc.
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