Crypto exchange trading volumes double in five days amid market rebound

Crypto exchange volumes jump to $37 billion in five days

Trading volumes on crypto exchanges doubled in just five days last week, rising from a yearly low to $37 billion. This rebound follows a period of low market activity but remains far below the 12-month high of $105 billion reached last October.

A crypto exchange is an online platform where people buy, sell, or trade cryptocurrencies like Bitcoin and Ethereum. Trading volume refers to the total amount of cryptocurrency traded over a set period.

Despite the recent surge, monthly trading volumes for August are still lower than in July. So far this month, $490 billion has been traded, compared to $670 billion in July.

Key numbers from the rebound

• Daily trading volume reached $37 billion after doubling in five days.
• This is still 65% below the 12-month high of $105 billion set in October 2025.
• August trading volume so far is $490 billion, down from $670 billion in July.
• Bitcoin and Ethereum prices rose 23% and 30% last week, respectively.
• The rest of the crypto market, excluding Bitcoin and Ethereum, rose by 13% in the same period.

Why exchange volumes are changing

The sources suggest three main reasons for the shift in trading volumes:

First, crypto exchange-traded funds (ETFs) and digital asset treasuries are now competing with traditional crypto exchanges. An ETF is a fund that tracks the price of an asset, like Bitcoin, and can be traded on stock markets. These products allow investors to trade crypto through traditional financial systems, which may reduce trading on crypto exchanges.

Second, smaller cryptocurrencies, often called altcoins, still rely on crypto exchanges for trading. Exchanges offer faster listings, deeper markets, and better tools for these smaller tokens compared to ETFs or digital asset treasuries.

Third, decentralized exchanges (DEXs) like Hyperliquid and Lighter are gaining popularity. A DEX is a platform that allows users to trade directly with each other without a central authority. If this trend continues, it could further reduce trading volumes on traditional, centralized exchanges.

What is confirmed

• Daily crypto exchange trading volumes doubled to $37 billion in five days.
• Monthly trading volume for August is $490 billion so far, compared to $670 billion in July.
• Bitcoin and Ethereum prices rose 23% and 30% last week, respectively.
• The broader crypto market, excluding Bitcoin and Ethereum, rose by 13% in the same period.

What is still unclear

• The exact impact of ETFs, digital asset treasuries, and decentralized exchanges on future exchange volumes remains uncertain.
• It is unclear how much of the recent trading volume rebound will be sustained in the coming weeks.

Why this matters for crypto traders

The rebound in trading volumes suggests renewed interest in cryptocurrencies after a period of low activity. However, the sources indicate that traditional crypto exchanges now face competition from ETFs, digital asset treasuries, and decentralized exchanges. This could change how and where people trade crypto in the future.

For smaller cryptocurrencies, traditional exchanges may remain the primary trading venue due to their advantages in listing speed and market depth.

Sources

• The Block