Key facts
- Perpetual futures trading volume on centralized crypto exchanges (CEXs) hit a 31-month low in July.
- Centralized exchange (CEX) perpetual futures volume reached $4 trillion in July.
- The July volume on CEXs is the lowest since December 2023.
- Trading volume on decentralized exchanges (DEXs) neared a one-year low.
- DEX trading volumes fell to $531 billion in July.
Perpetual futures trading volume on centralized crypto exchanges (CEXs) experienced a sharp decline in July, hitting a 31-month low. The total volume traded on these platforms reached $4 trillion, the lowest figure recorded since December 2023. This downturn reflects a broader trend in the cryptocurrency market, as trading activity on decentralized exchanges (DEXs) also neared a one-year low. DEX volumes fell to $531 billion during the same period. The decrease in trading volume suggests a potential cooling-off or reduced speculative interest in the crypto derivatives market.