CEX Spot Trading Volume Soars 62% in July 2025

Centralized exchanges experienced a dramatic surge in trading activity, with volume rising by 62% in July 2025. Platforms like BitMart, Upbit, and Coinbase drove this increase, according to data compiled from WuBlockchain. BitMart led the charge with a remarkable 143% rise, followed closely by Upbit at 141%, and Coinbase at 79%. This surge could be attributed to factors including market maker activity or even listing events, though wash trading and bot activity may have inflated reported figures.