Centralized exchanges have reported an upsurge in volumes over the past weeks, which is quite encouraging for the market’s growth. Cexstats.com records also show that the aggregate transaction volume of 58 active CEXs hit an astonishing $253.97 billion. These states have been taken from a crypto analytical platform, Phoenix.
High Trading Volumes Mark a Strong Week for Exchanges: Binance at The Front
Binance has left its competitors behind among the top exchanges with a 7-day trading volume of $75. 9 billion with a daily trading turnover of $12. 42 billion. This great performance puts Binance at the top of the global crypto space’s list of exchanges and centralized liquidity providers.
The volume of other exchanges was impressive as Crypto.com was the next on the line, with a weekly turnover estimated at $36.1 billion, of which $7.03 billion was traded over the counter within 24 hours. Bybit, HTX, and OKX closed the top five with 7-day volumes of $29.2 billion, $13.3 billion, and $12.9 billion, respectively
Centralized Exchanges Remain the Majority in Market Share
The data shows that centralized exchanges prevail, with a CEX to DEX trading volume ratio of 11.75%. Notably, such platforms appeal to traders due to their ease of use and provision of all services under the same house structure.
Over the past years, trading volumes of platforms such as Coinbase, Gate.io, and MEXC have also remained active, adding to the market activity. The persistent increase in these exchanges indicates how robust and flexible the central exchange model remains despite changing markets.
